Prudential Systems & Controls

Tawa takes a 'best practice' approach to governance and regulation, and its response to the recently introduced Prudential Systems & Controls requirements is no exception.

Tawa can assist with the Prudential Systems & Controls Reviews that should be regularly undertaken as part of normal operational business. Alternatively, we can assist by carrying out a review to reflect changes within the business or from external events, or simply a third party audit of the controls currently in place.

Tawa takes a structured approach in delivering assurance to the board and ensuring compliance, including the following:

• Analysing risks in the operational areas of the business.
• Consideration of external influences and factors.
• Reviewing the adequacy of the controls in place to mitigate risks.
• Designing improvements to enhance controls to align risk grading and risk appetite.
• Identifying measures that can be monitored to highlight changes in risk status.
• Testing that controls are operating as planned and reporting the results.