United States Publication 20090018885

20090018885

RISK MANAGEMENT AND COMPLIANCE SYSTEM AND RELATED METHODS

Published:  January 15, 2009

Inventors:  Parales; Joseph D.; (Tempe, AZ)

Abstract:  Implementations of a method of managing risk and compliance method may include providing one or more controls, monitoring a business activity to produce one or more monitoring results, evaluating the one or more controls using risk criteria from a risk database to produce one or more control gaps, evaluating a business process using the one or more risk criteria to produce one or more control gaps, remediating one or more of the one or more controls, receiving an audit request, communicating information regarding the one or more controls in response to the audit request, receiving an audit report including one or more audit findings, evaluating the one or more audit findings to identify one or more control gaps, and remediating one or more of the one or more controls using the one or more control gaps.