Our Approach for Compliance Content Creation
At MSA Consulting Services, we adopt a systematic and thorough methodology for compliance assessment, designed to provide a clear picture of your current compliance status, identify gaps, and suggest actionable improvements. Our approach is divided into three key stages:
Identification
We begin by collecting critical business and operational insights to lay a strong foundation for our assessment:
- Circulate detailed questionnaires to gather information about your business model, legal entity, and geographic presence.
- Request a list or copies of existing licenses, registrations, and regulatory approvals.
- Review any existing compliance checklists or frameworks you may already have in place.
Preparation
Once we have the inputs, our team conducts a deep-dive analysis:
- Identify relevant legislations based on the data received through questionnaires.
- Collaborate with your process owners to validate and finalize the list of applicable laws and regulations.
- Draft comprehensive compliance checklists for each identified legislation.
- Conduct discussions to refine and finalize the checklist, incorporating organizational nuances and practical considerations.
- Define and agree on a risk rating criteria to prioritize and categorize compliance requirements effectively.
Key Deliverables
- A List of Applicable Laws specific to your operations, jurisdictions, and industry.
- Detailed Compliance Checklists, categorized by department or function, with clearly defined compliance items and risk ratings.
- Awareness Sessions to train and align process owners with the newly developed compliance content and ensure smooth implementation.