The “Loi sur la Sécurité Financiere”, (LSF; Law on Financial Security), voted through the French parliament on the 1st of August 2003, has 3 major pillars:
The modernisation of the Financial Markets Control Authorities; Increased security for people who have savings and insurance policies, and the legalisation of control on company accounts as well as improving transparency and corporate governance.
The LSF makes the chairman of a company responsible of the content of an annual report in relation to the internal control procedures put in place in the company.
This part of LSF aims at imposing a broadened and more pragmatic use of internal controls. IT will result in an improved corporate governance culture and better transparency with shareholders.
All requirements were visualized and can be used throughout the Corporate Modeler toolset and can be easily customized to your organizational environment. Because of our extensibility you are free to add your own Audit question and controls and cross reference them with the modeled requirements, with your own processes or you can use the pre defined ITIL process model and get the cross references out of the box.
As part of our Casewise tool set you will be able to schedule audit questions and controls in order to perform internal checks/audits or just performed simple assessments. Based on this data you will be able to communicate the results via our HTML Portal within different Dashboard or list views. This data can also be maintained (create, delete, update) via the Portal (web front end).