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Building commercial advantage from reliable and trusted third party relationships, processes and systems.
Many organisations depend on third party service providers for a range of critical services and support including hosting or managing financial and non-financial information, providing critical business functions and delivering on major infrastructure initiatives. Businesses stay competitive by using multiple customer and vendor relationships and accessing specialized solutions and skills. This advantage, however, offers challenges around protecting your reputational, financial, operational and compliance requirements as your dependence on third parties increases.
Your management, board and shareholders demand confidence in the controls and compliance capabilities of suppliers, vendors and service organisations. Service organizations must demonstrate that they have proper internal controls in place when they host / process your data or undertake to execute part of your business operations. You can outsource activity but not the responsibility!!
Trust is a premium asset!! Knowing your business partners and vendors is critical to maintaining the trust and confidence of your customers and stakeholders.
Organisations can effectively communicate accurate information about their risk management and controls framework through a controls assurance report. Through a broad range of assurance reporting services such as ISAE 3402, ISAE 3000 (internationally accepted standard similar to SOC 1, SOC 2) and Agreed Upon Procedures we can help you assess your control posture with a focus on controlling costs, mitigating risk and enhancing trust and transparency.
We can assist you and provide you with assurance reporting services in the following areas:
Partner - Assurance, In charge of Energy Team, PwC Cyprus
Director, Assurance, PwC Cyprus
Senior Manager - Assurance, PwC Cyprus
Manager, PwC Cyprus