Risk Assessment and Regulation Compliance

The Art of Managing Information and Reducing Risk

Information Systems, Not Just Databases, Are the Key to Managing Information

Legislation is constantly being enacted that can affect any business' risk and your company needs to know and comply with current laws. It can be a challenge to keep up with all the changes.

TML Business Services can provide you with a thorough and neutral evaluation. We are a neutral third-party strategic advisory company with a strong compliance background. We won't just tell you what you want to hear (unless it's the truth), and we won't try to sell you a software package or product. We will tell you where you stand today and provide a blueprint to mitigate your compliance and other corporate risks while improving your bottom line.

Engineering Compliance Within Your Organization

There are four phases to a proper Compliance engineering project:

1. Strategic Analysis - Includes Risk Assessment and Operational Effectiveness Evaluation.
• » What are your objectives?
• » What are the requirements to meet your objectives?
• » What legislation governs your objectives?
• » What are the risks relevant to your objectives that must be managed?
• » What Information Systems exist today that can be leveraged?
2. Design - development of integration systems and standard operating procedures
• » Information Flow Diagramming
• » Decision Flow Diagramming
• » Report Specifications
• » Document Management Systems
3. Implementation - may include the following:
• » Interface Design and Development
• » Training
4. Monitoring
• » Observation
• » Control Testing