Independent IT Certification completing the assignment has emerged!

Copenhagen Charter IT certification is designed to bring new matrix and measurement that controls the ability of your IT department to protect the business against this ever present BFC risk.

Several surveys show that economic crime, whether it is Bribery, Fraud or Corruption (BFC) continues to be a serious threat for most companies. In the current environment where we face global economic downturn, there is a significant increase on the pressures from the board of directors, oversight bodies and management to automate Compliance.

Copenhagen Charter on BFC -IT Certification, can assist you in developing your ongoing risk management based on the Charter's roadmap and framework.

Common assurance methodology
There is a clear indication that IT technology assurance functions related to BFC compliance, in several cases do not share common business platform for processes and procedures.

This shortcoming is addressed by implementing the IT disciplines of BFC risk convergence. The certification methodology, common BFC framework, helps the members to simplify the internal processes and cut down on complexities that are often overseen in regular audits.

The Copenhagen Charter IT BFC Certification is designed to implement a qualification scheme, modeled along the lines of IT Governance and risk assessment. Controls at a given transaction level together with automation, makes certain that BFC behavior receives global recognition.

Experience shows that the current focus on BFC compliance, a pre certification advisory visit will assist members to establish value adding agreement and compatibility between the daily operational transactions to established policies and procedures that will ensure BFC compliance.

The certification project could be divided in four phases.
  • Developing an IT platform to conduct a comprehensive BFC risk analysis
  • Conducting a Risk GAP analysis on current BFC processes
  • Implementation of recommendations
  • The Certification process

In summary, this initiative is focused on conducting a wide-ranging BFC risk analysis resulting in As Is or To Be IT processes, standards, assessments, including self assessments to manage BFC risks within the well-defined framework that minimizes BFC exposure.

To meet with Copenhagen Charter Member expectations, the key objectives and goals are to;
  • Understand the type of business activities that are inherent to BFC risks
  • Identify the risk limitations and constraints
  • Determine the level of documentation detail that is desired
  • Interview key stakeholders relevant to the Level of certification
  • Issue a statement of risks and standards that are included in the IT risk control matrix, framework and roadmap
  • Identify that the IT gap analysis reflect an accurate risk reporting
  • Develop, update, or customize IT procedures to meet the requirements of BFC IT Governance

With the specific focus on mandates, security, procedures, including methodology, process, and content together with the enabling technology The Copenhagen Charter IT Certification should provide a structured, robust and holistic risk assessment related to both business and IT risk.