ICA Audit sets to innovate the regulatory risk analysis market by introducing a new certification programme, providing the cumulative expertise of risk management subject matter experts. The unique service helps firms identify risks, maintain impeccable standards and safeguard firms effectively.
ICA Audit has developed a first-of-its-kind auditing service to regulated industries that are keen to improve their internal management systems. ICA Audit provides Management System Certification mapped to ISO Standards for:
Quality (ISO 9001)
Compliance (ISO 19600)
Anti-Bribery (ISO 37001)
The ICA Audit service is an assessment of the firm’s compliance management systems in relation to one or all of the aforementioned ISO standards.
As per the International Organisation for Standardisation ‘Bribery is one of the world’s most destructive and challenging issues. With over US$ 1 trillion paid in bribes each year, the consequences are catastrophic, reducing quality of life, increasing poverty and eroding public trust. Yet despite efforts on national and international levels to tackle bribery, it remains a significant issue. Recognizing this, ISO has developed a new standard to help organizations fight bribery and promote an ethical business culture’ with ICA Audit paving the way in offering auditing services with this standard in mind.
In order to achieve a good understanding of, and compliance with, a firms anti-corruption policy, stakeholders need a process that transfers the necessary knowledge, insight and skill to those who serve the organisation. This means that an active and wide-reaching external auditing service programme is an essential component of a firm's anti-corruption compliance standard. The approach that should be taken achieves the dual objectives of acquiring genuine buy-in and adherence, while meeting the requirement of having evidence that auditing taken place.
The three stage approach starts with a gap analysis followed by a conformity assessment by a team of highly experienced compliance audit professionals, and finally certification. The service can stop at any stage of the process and each stage is individually costed. ICA Audit has identified that, for those firm’s operating outside of the UK, the demand for certification is greatest of all.
Dr David Jenkins-Handy PhD, Quality Assurance Director, commented “ICA Audit have created an innovative company certification scheme that enables firms to refresh, renew, and optimise their regulatory risk, quality and compliance management capabilities, providing regulators and third parties with confidence in the resilience and effectiveness of an organisation’s management system. There has never been a better time to be part of the compliance sector, and this unique launch is exciting for the ICA Audit team and the firms it will represent”
Companies who want to ensure that they maintain excellent standards of compliance can use the ICA Audit service to gain the confidence of regulators, recognise and manage risk in a more effective way and optimise efficiency and costs.