Compliance Audit and Risk Management

Our Compliance Audit and Risk Management Services verify that your policies and procedures are being implemented consistently and properly.

Managing risks associated with daily operations requires strong internal controls, the application of best practices, and training.  Lowers & Associates helps clients establish and self-audit operational policies and procedures to manage risk, reduce liability, and ensure compliance with insurance coverage.

As an international leader in risk mitigation, Lowers & Associates (L&A) conducts reviews, or internal audits, for adherence to corporate and operational policies and procedures, as well as compliance with laws and regulations, such as Sarbanes-Oxley and the food security guidelines issued by the Food and Drug Administration (FDA).  After we gauge the level of operational and employee compliance, L&A prescribes or modifies protocols and measures to improve performance, adherence to industry standards, best practices, and policy requirements.

L&A’s internal compliance review is a systematic, independent, and documented approach to examining internal controls, physical and system security, and processes for daily operations against best practices, contractual obligations, and established policies, procedures, and other requirements.  A compliance review compares written policy with actual implementation against a set of standards.

Our compliance review team verifies through research and observation, or surveillance, that policies and procedures are being implemented consistently and properly.  The compliance review processes helps manage risk, reduce liability, control insurance premiums, and most importantly protects your people and other assets.

L&A reviews physical and logical access to customer information, as well as the encryption policies and procedures governing customer information.  L&A’s compliance reviews also examine system change controls, intrusion detection,  prevention systems in place to protect customer information, computer attach response capabilities, and plans and policies for business continuity and disaster recovery.

L&A has conducted hundreds of internal compliance reviews, particularly for high-valued assets, and developed risk management programs and internal controls, as well as training and awareness programs, for organizations in many industries, including insurance, gaming, and cash in transit. As a result of these compliance reviews, workers are safer, assets are better protected, and if an incident occurs, insurance covers the loss ensuring business continuity.

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