BDO USA, LLP, one of the nation´s accounting and advisory firms, has announced the launch of a new integrated solution that helps organizations develop and maintain a comprehensive data governance, risk management and compliance program, the company said.
BDO´s Compliance Center allows companies to maximize the utility of their Microsoft suite by providing complementary services through each step of the compliance and information risk management process, from data discovery and initial gap assessments, to controls implementation, ongoing monitoring and enforcement.
The new offering assists organizations in better understanding their compliance posture by providing a risk-based score that measures progress in efforts to reduce risk around data protection and regulations–a centralized capability that is customized to companies´ unique needs. Risk identification and ranking also informs new or updated policies to better manage data loss prevention, insider threats and data retention compliance requirements.
Features of BDO´s Compliance Center platform, powered by Microsoft, include:
Identification of sensitive data sources: Compliance, technical and legal teams can easily identify the universe of documents, including heavily regulated data types, and segregate data types that are most critical to the organization
Compliance assessments: A cross-functional map aggregates requirements across regulations and the state of compliance. The platform also provides ongoing management and monitoring, and reviews documented policies against technical controls.
Risk analysis: The platform can more rapidly detect potential data leaks and spillage, identify potential confidentiality breaches, protect IP theft and uncover fraud, insider trading and regulatory compliance violations.
Ongoing governance: Microsoft 365 environments can be automatically scanned to conduct continuous assessments and monitor changes to sensitive data sources when a regulation is updated.
A subsidiary of BDO USA, LLP, BDO Digital, LLC, provides a holistic portfolio of technology and transformation services and solutions, tailored by industry and designed for the middle market. The collaborative, cross-disciplinary team is comprised of more than 400 professionals, including digital strategists, systems integrators, data scientists, software developers, change management professionals and industry-specific advisors, who work together to solve clients´ immediate digital needs and unearth new opportunities to drive competitive advantage.