What is a Business Associate?

by KirkpatrickPrice / December 16, 2022

HIPAA Business Associates Under HIPAA, a business associate includes the following: health information organizations, e-prescribing gateways, personal health record vendors, and entities providing data transmissions services for PHI and that require routine access to such PHI. Business associates are required to be compliant with the HIPAA/HITECH Rule, and are faced with many of the same compliance requirements as their covered entities. This means that business associates will be held responsible…

CFPB Readiness Series: Compliant Vendor Management Overview

by Sarah Harvey / October 6, 2023

The CFPB and Vendor Compliance Are you looking to find out more about how to ensure that your organization is meeting vendor compliance management requirements? This webinar provides an overview of vendor compliance management programs and what you can expect to need in order to achieve compliance with the CFPB. In the past, vendor compliance was managed contractually, compliance risk and responsibility was transferred, and compliance activity was kept at…

FAQs about SOC 1 Audits

by KirkpatrickPrice / April 12, 2023

Want all the answers to the SOC 1 FAQs? Are you being asked by a top client for a SOC 1 audit report? What is a SOC 1 report? Do you need a SOC 1 audit? In this free whitepaper, you’ll find answers to frequently asked questions about SOC 1 audit reports and learn how your organization can benefit from having a SOC 1 report and what you can expect…

Vendor Compliance Management Program Key Components

by KirkpatrickPrice / December 16, 2022

What is Vendor Compliance Management? An effective risk management strategy includes the assessment and monitoring of vendor compliance with your company’s policies and procedures. Today’s compliance program involves an ongoing struggle organizing vendor responses utilizing spreadsheets and questionnaires while manually tracking reoccurring events and supporting documents. Where should you start? According to CFPB Bulletin 2012-3, companies must “oversee” their vendors “in a manner that ensures compliance with Federal consumer financial…

CFPB Readiness Series: Compliance Management System (CMS) Overview

by KirkpatrickPrice / December 16, 2022

Do you need to establish a compliance management system (CMS)? Are you interested in learning more about the CFPB’s requirements for creating and maintaining an effective compliance management system? What is a Compliance Management System? A CMS is a set of interrelated or interacting elements that organizations use to direct and control how compliance policies are implemented, and compliance objectives are achieved. A CMS typically has four core interdependent control…