Deloitte this week announced that it has acquired Compliance Implementation Services (CIS), a life sciences compliance consulting firm. CIS will join Deloitte Advisory, a risk and financial advisory practice, as part of its regulatory compliance market offering. Effective immediately, the business will operate as “CIS by Deloitte."
Life Sciences, in particular, is one of the most heavily regulated industries requiring companies to draw on specialized compliance and regulatory expertise in addition to maintaining reliable processes and systems to manage compliance operations. The industry is facing growing complexity from a broad and expanding set of laws, regulations, and industry codes to which companies must comply. Non-compliance poses significant risks including disruption of sales, fines, penalties and reputational damage.
CIS by Deloitte will continue to help life sciences clients manage risks by aligning business processes and controls to regulatory and compliance requirements and reduce costs through end-to-end solution sets to help address their compliance needs.