Timetabling Solutions conducts internal and external audits to ensure compliance, enhance security, improve efficiency, and maintain client trust.
INTERNAL AUDITS
Operational Audits
- Process Efficiency: Evaluate the effectiveness and efficiency of operational processes.
- Resource Utilization: Assess how well resources (time, personnel, equipment) are used.
- Performance Metrics: Review KPIs to ensure they align with business goals.
Compliance Audits
- Regulatory Requirements: Check adherence to industry-specific regulations (e.g., GDPR, ST4s).
- Internal Policies: Ensure compliance with our own policies and procedures, including ethical compliance with Modern Slavery policies
Security Audits
- Access Controls: Review user access levels and permissions.
- Data Protection: Evaluate the measures to protect sensitive data, including how data is collected, stored, processed, and protected.
- Incident Response: Assess the effectiveness of incident response plans and evaluate the framework for managing risks and the effectiveness of governance structures.
Financial Audits
- Accounting Practices: Verify the accuracy of financial records and accounting practices.
- Expense Management: Evaluate the management and control of expenses.
- Budgeting and Forecasting: Review processes for budgeting and financial forecasting.
IT Systems Audit
- Software and Hardware: Assess the inventory and status of software and hardware.
- System Performance: Check the performance and reliability of IT systems.
- Backup and Recovery: Evaluate the effectiveness of backup and recovery procedures.
EXTERNAL AUDITS
Financial Statement Audit
- Conducted by external accountants to verify the accuracy of the company's financial statements.
Cybersecurity Audit
- Performed by external cybersecurity experts to identify vulnerabilities and assess the overall security posture.
Penetration Testing
- External security professionals conduct penetration tests to identify and exploit vulnerabilities in our cloud applications.
Last updated: 14th June 2024