Avoid getting into unexpected oversight apprehension; Get third-party endorsement to verify processes and certify compliance.
We recommend an annual validation and certification of your CSR, anti-corruption and GRC compliance programs. The current focus on third-party assurance, effectiveness of company's GRC compliance management systems, processes and procedures within global supply chains, will be the most integral tools to maintain an accountable, transparent and ethical GRC management system. All businesses must develop a comprehensive scheme, sound knowledge on several components of GRC regulatory legislation as well as their understanding of day-to-day business realities. Certification help companies to strengthen and promote their GRC compliance programs through certification.
Copenhagen Compliance has been a pioneer in the field of Corporate Social Responsibility and BFC issues and helping companies develop sustainable, ethical cultures through audits and technical support. The extensive experience that is necessary to conduct social and environmental assessments include industries, logistics, life sciences and finance issues.
We have helped companies improve their ethics & compliance programs as well as benefit then to develop sustainable, ethical cultures.
Certified is recognised
However prior to entering a certification process you need to develop a system of controls, tests, procedures, protocols and guidelines, created to develop and promote International standards to combat Fraud and Corruption across the company's Corporate Governance, Risk Management and Compliance responsibilities and activities.
Concerns over the entire package of Governance, Risks and Compliance (GRC) responsibilities, have been heightened by revelations of certain improprieties over the past years. This uncertainty has sent ripples to organisations and companies. Others have concentrated their efforts to implement better standards to combat Fraud and Corruption thru a certification process.
The Certification relates to a complete and through analysis of the business processes and monitoring processes related to the company or organisation. The certification ensures sustainable security, quality, keeping proper records, tests, root cause analysis, defaults, business continuity, confidentiality, internal controls and regular review of processes for effectiveness.
The sum of the above efforts performed by our GRC qualified accountants & consultants, will allow you to safeguard stakeholders increase and adapt the GRC programs in a way that meaningfully addresses Fraud and Corruption issues.
The Board of Directors and Stakeholders want assurance that your company and organization has a well planned and implemented approach to the integration of Fraud and Corruption compliance that strengthens performance while protecting all assets. The four major Components of the Fraud and Corruption Certification are:
- Design, Plan & Organize
- Monitor GRC Management
- Controls and Issue Management
- Discover & Develop
The initiative is to certify a company or organization, its process and controls related to Corruption and Fraud Risk management, across the organization, risk/compliance functions and silos.
- Document Control Points and Protocols for designing, planning, orchestrating, reviewing and revising the GRC aspects of your company or organisation, is another the comprehensive component of the Certification process.
- Anti-corruption and fraud controls are tested to ensure that they are operational and effective. Our methodology for controls testing combined with substantive testing at the transaction level will identify situations that require attention prior to an episode takes place.
- The certification process had demonstrated to improve efficiency and increased value, esteem and morale revenues, enhancing staff drive and productivity. We suggest that the certification is regularly updated and exercise an ongoing process of refining and improving your company or organisation using GRC IT tools to automate compliance.
- The certification process will help you find out more about the current state of your company or organisation and how the activities that combat Fraud and Corruption influences strategic alignment and integrity with other internal GRC processes.
The fact that your company is certified will not promote your business and generate extra profits. We will assist to implement the GRC standards, as a long-term strategy to improve your processes as a vital part of our customer relationship.
