The xAuditor Solution

Our approach for a timely and complete response to audits, compliance requirements, or client/prospect inquiries brings additional experience to the first line audit process, and drives better business outcomes and value:

1. Scope and frame the audit to understand the risks requiring assurance and establish boundaries for the examination
2. Refine and rationalize controls and ensure proper and adequate documentation
3. Aggregate and convey to auditors evidence of the design, implementation and effective operation of controls, and of management’s understanding of their accountability
4. Respond and challenge audit findings with a management view of the risks and corrective actions to address any gaps 
5. Review and manage audit results for fair and accurate representation

Our approach for addressing gaps in audit or regulatory expectation establishes controls that optimize execution and enhance flexibility in response to various risk scenarios:

1. Understand all exceptions and deficiencies including a risk assessment to quantify control gaps
2. Redesign controls and processes to bring residual risks within risk tolerance, leveraging a program approach while meeting cost and resource constraints
3. Implement the gap remediation and transition operations to appropriate accountable      parties
4. Stabilize and monitor the control environment to ensure all expected control objectives are met and controls are operating as designed

Our approach for mitigating business risk combines thorough planning with pragmatic implementation to establish, integrate, coordinate, and standardize risk management efforts, resulting in transparency into your risks and confidence in your processes, controls, and systems.

1. Develop the risk management and governance framework, drawing on industry standards
2. Design operating model and structure to create a cost-effective control environment with effective oversight
3. Embed activities in existing operational processes to minimize disruption, following organizational change management best practices
4. Mature the organizational risk management capabilities in the first line, and manage through effective oversight