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Frazier & Deeter Announces Consolidated Compliance Assessment Program to Test Once, Report Many

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Frazier & Deeter (FD), a Top 50 accounting and advisory firm, announced today the introduction of its new Consolidated Compliance Assessment Program. This suite of services is designed to help companies seeking an efficient and effective way to oversee multiple compliance requirements across their respective control environments, using FD’s proprietary “Test Once, Report Many” methodology.

“Many companies struggle with managing multiple auditors who deploy various methodologies and approaches, redundant testing efforts and disjointed timelines,” said Gina Gondron, FD Advisory Partner and SOC Practice Leader. “FD’s Consolidated Compliance Assessment Program is a highly coordinated engagement process, specifically designed to eliminate audit fatigue and mitigate the stress on company stakeholders tasked with handling multiple compliance initiatives.”

“As a leading provider of payments technology solutions, we are required to comply with multiple compliance frameworks,” said Amanda Pope, SVP of Audit & Risk at InComm Payments, a global payments technology provider that utilizes FD’s compliance program. “Instead of managing multiple providers testing the same controls, with FD we now have an efficient ‘one provider’ assessor relationship that reduces significant time and effort with our internal staff.”

The firm’s “Test Once, Report Many” methodology employs a testing approach that leverages a centralized assessment platform and control mapping across multiple frameworks.

Additional Key Features of the Consolidated Compliance Assessment Program include:

  • Consolidated engagement status reporting
  • Consistent levels of assessor scope
  • Proven, efficient methodology
  • A dedicated client engagement team
  • Quarterly executive strategy briefings

“We recognized that many of our customers are being assessed across a myriad of regulations, frameworks, and standards which causes unnecessary frustration, expense, and repetition,” said Andrew Hicks, FD Advisory Partner and National HITRUST Practice Leader. “Our clients have found tremendous relief in leveraging FD’s consolidated assessment program that simplifies and normalizes the overall process.”

To learn more about FD’s Consolidated Compliance Assessment Program, contact Bob Woosley at bob.woosley@frazierdeeter.com.

About Frazier & Deeter

Frazier & Deeter is an award-winning Top 50 accounting and advisory firm that offers a full scope of tax, audit, risk advisory, digital and business transformation services. FD and its family of brands serve clients worldwide, from the Fortune Global 500 companies to growing small businesses. The firm has been recognized repeatedly as a Best of the Best Accounting firm, a Best Firm to Work For® and a Best Firm for Women in Leadership. FD is registered with the Public Company Accounting Oversight Board and the American Institute of Certified Public Accountants. The firm focuses on investing in relationships to make a difference, in addition to consistently exceeding expectations by supporting evolving needs as businesses grow.

Contributors

Bob Woosley, National Practice Leader

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