Implementing a Common Controls Framework for a Consumer Goods Firm
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Case Study
Implementing a Common Controls Framework for a Consumer Goods Firm
A consumer-packaged goods company is one of the leading companies operating in global beauty and wellness categories. It is present in over 25 countries across emerging markets.
The business situation
- The organization faced challenges in managing and aligning its control framework to meet the requirements of multiple regulatory standards.
- The lack of a unified approach led to redundancies, increased compliance costs, and difficulties during audits.
- The goal was to streamline compliance efforts, improve control effectiveness, and enhance overall cyber security posture.
Our team’s role
Regulatory Controls Alignment
Analysis of NIST CSF, GDPR, ISO 27001, and other applicable regulations to understand client control requirements and align to the best practices.
Control Gap Assessment
Gap assessment to identify existing controls based on the regulatory requirements.
Common Controls
Designed a common controls framework using the gap assessment and inputs from regulatory analysis.
Integrated Regulatory Controls
Integrate the control requirements from different regulations while avoiding duplication and ensuring coverage.
The value our team added
- Aligning controls with industry best practices and regulatory requirements, enhances the control effectiveness and risk mitigation capabilities of the organization.
- The common controls framework streamlined compliance efforts, reducing redundancies and eliminating overlapping controls. This resulted in improved efficiency during regulatory audits and assessments.
- The common controls framework provided auditors with clear visibility into control implementation and compliance, leading to successful audit outcomes.
- This approach significantly enhanced the company's preparedness to address data breaches swiftly and effectively.
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