Design more effective controls
Developing Testing activities for Regulatory Compliance is important to ensure your organization’s controls are effective as possible. It is not enough just to say that you are doing something to be in compliance; you need to be able to provide evidence to your examiners to back it up and prove it.
Prepare for the future
An effective and mature testing program allows your organization to identify where you are out of compliance and determine the action items that need to get done in order to ensure you are in compliance going forward.
Additionally, it allows you to understand trends and patterns year over year. Through testing, your organization can understand how its controls have improved over time, or conversely if there is a negative trend that needs to be addressed.
Save time & money
A central repository of controls, policies and procedures that can be managed in one place enables organizations to reduce duplicative work. By leveraging existing mitigations across different requirements and regulations, you do not need to duplicate control documentation efforts and can bring in view-only copies of controls to be tested. Additionally, you can cut down the number of tests that you need to perform to collect evidence of your compliance, saving even more time and money.