Technology Assurance

Today’s organisations face a multitude of challenges relating to the effective and efficient use of technology in supporting the core processes of their business. Business is increasingly become dependent upon systems and data driven processes to provide reliable information to facilitate decision making, meet regulatory requirements and create a business advantage.

Audit committee members, internal audit and regulators are becoming increasingly interested in how effectively process and information technology related risks are controlled. Executives, board members and senior management are looking to capitalise on their technology investments and drive control and performance improvement that will offer a return on investment beyond the reduction in risk it was designed to achieve.

At PwC Greece our Technology Assurance practice assists organisations in achieving controls excellence through a complete suite of industry focused risk and controls services including:

Internal Controls Optimisation
Controls optimisation is PwC’s response to the needs of businesses to have the right controls at the right cost. The right controls are those that mitigate risk in an efficient and cost effective way and are supported by an embedded culture of controls awareness and sustainable monitoring. Optimised controls support better finance functions and business operations. Controls optimisation drives improved business performance, help to manage complexity and achieve effective governance, regulation and compliance including for Sarbanes-Oxley 404 purposes. Our specialists can help you to establish the right controls at the right cost for your organisation.

Data Assurance Services
It is recognised data is critical asset for business, in fact for many companies data is actually the product they are providing to the marketplace. PwC help organisations ensure that their data is consistent and reliable to support confident decision making and regulatory compliance. We help organisations assess data quality and implement data control and optimisation strategies. Our team also provides spreadsheet (or other end user tool) assurance designed to detect and avoid problems with spreadsheets through a combination of spreadsheet review and the implementation of spreadsheet controls and processes. Using the latest methods and techniques including computer-assisted audit techniques (CAATs) and business intelligence tools, our specialist team can deliver a sustainable improvement in data quality and maintenance.

Data Security & Privacy Services
PwC can help develop an integrated privacy, security and information risk management framework within your organisation. We work with organisations to assess the current environment, prioritise, develop and implement solutions to address key risks. We can assist with the design and implementation of training, monitoring, auditing and other ongoing processes. Working with you, we can raise awareness on matters related to privacy, security and information risk management within your organisation as well as help you stay ahead of today’s complex security threats through our IT Security Assessment Services. Our solutions can be aligned with all major industry standards such as ISO 27001 and enable you to achieve certification.

Third-party assurance and opinion services
PwC provides independent third party and other opinion-level services in response to business management or service organisation requests from customers for information about internal controls or request for access to audit (generally in accordance with contractual agreements). These services can be delivered using a wide range of reporting frameworks or standards such as (IFAC) International Standard on Assurance Engagements, (AICPA) SAS 70 or Agreed upon Procedures.

Project Assurance
Focusing on project approach, delivery and alignment with strategy, we help a broad spectrum of organisations reduce the risk of project failure and increase business value. We provide independent quality assurance through the entire life-cycle of change from project identification through sourcing to final delivery.

Technology Assurance
The pace of IT change, regulatory pressures and increasing dependency on IT also represent a significant challenge for companies. As a result the board is looking for a higher level of assurance than ever before. We help clients respond to these issues through the following services:
 

  • IT risk assessments and controls assurance
  • IT general controls and infrastructure audits (incl. for Sarbanes-Oxley 404 purposes)
  • Building IT governance, regulation and compliance solutions
  • Systems Implementation Assurance
  • Outsourcing and offshoring risk assessments and risk management strategies
  • ERP and business systems risk & control services
  • Security and vulnerability assessments including penetration testing
  • Business continuity planning
  • IT Internal Audit Outsourcing or Co-Sourcing
  • Compliance and readiness assessments against industry and global standards including ISO 27001 security standard, Payment Card Industry Data Security Standards (PCI DSS), the ISO/IEC 19770-1 software asset management standard, Bank of Greece Governor’s Act 2577 or ADAE (Secrecy Assurance Regulations for Telecommunication Services).