Application risk and control management (ITAC)
The service identifies fraud risks and operational errors within information systems at individual business process levels, while testing and developing robust control mechanisms.
Through control effectiveness analysis, clients gain insight into the adherence of existing business processes and subprocesses to organisational objectives and key Russian and international standards, as well as a detailed understanding of existing risks, IT system bottlenecks, and identified deficiencies.
The service in question is essential during implementation of new technologies that require enhanced control environments and in situations vulnerable to fraud or abuse of entrusted power.
The IT control management assessment includes the following stages:
- Collection and processing of information on the current internal control (IC). The stage involves employee interviews, reviews of internal documents and implemented IT controls, and testing of their actual operation through sample cases.
- Identifying inherent organisational risks followed by their analysis, evaluation, and criticality-based prioritisation.
- Assessing IC components against global standards and best practices, considering organisational size, specialisation, structure, industry, etc.
- Developing recommendations to enhance control environment reliability and efficiency.
Upon completion of the service, the client receives:
- Report detailing identified deficiencies and associated risks.
- Defined IT improvement objectives and action areas.
- Control environment enhancement and risk mitigation recommendations.
- Improved business reliability, transparency, and investment appeal.
- Reduced emergency risks and unforeseen expenses.
- Lowered data breach risks and strengthened stakeholder and regulator trust.
Our advantages
Expert Team
FBK consultants hold international certifications (CISA, CISM, and CISSP), validating their expertise in information security, risk management, and project governance.
Long-term Collaboration
FBK’s purpose is to establish long-term partnerships, enabling service delivery tailored to your business nuances.
Expertise
FBK team has accumulated significant experience in almost all sectors and industries and is well-versed in trends and challenges within specific industries.
Key Persons
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