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Not another BCM Program audit?

Stratogrid Advisory

Not another BCM Program audit? Last Updated on May 31, 2020 by Alex Jankovic Reading Time: 4 minutes Another Business Continuity Management (BCM) Program audit. At its core, an audit is simply an assessment used to discover which areas the business will require a focus in the future.

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Not another BCM Program audit?

Stratogrid Advisory

Not another BCM Program audit? Another Business Continuity Management (BCM) Program audit. Some organizations think of audits as tedious, and often unnecessary, accounting procedures, rather than as a powerful business tool that can be used to improve the organization’s capabilities. BCM Program Audits.

Audit 52
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Silicon Valley Bank (SVB) Failures in Risk Management: Why ERM vs GRC

LogisManager

They evaluate their vendor and partner communities to identify the third parties they depend on the most and map them to the business risks, controls, and testing that rely on them. For example, SVB had a Moody’s A1 issuer rating and KPMG signed off on SVB’s bank’s audit just 14 days before it declared bankruptcy.

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Business Continuity Guide for Smaller Organizations

Stratogrid Advisory

Contact information (Organizational chart ) - A responsibility of the Talent Management (HR) department (internal contacts), IT department (outsourced applications contacts) and vendor management department. Examples of IT options are: secondary data centres, migration to cloud-based services, or outsourcing part of IT operations.

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Business Continuity Guide for Smaller Organizations

Stratogrid Advisory

Contact information (Organizational chart ) - A responsibility of the Talent Management (HR) department (internal contacts), IT department (outsourced applications contacts) and vendor management department. The development of a business continuity strategy will require a high level of support from the internal or outsourced IT organization.

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33 Data Privacy Week Comments from Industry Experts in 2023

Solutions Review

On top of that, these suppliers themselves outsource their material to second-tier suppliers. Other approaches include using encryption, implementing strict access controls, and regular monitoring and auditing systems. This chain of activities results in an increasingly complex, geographically vast, and multi-tiered supply network.