Enterprise Risk Management
Whilst internal audit is important to your entity, our whole ethos is to be more than an internal audit service provider. We use a collaborative approach with our clients’ Enterprise Risk Management (ERM) functions to seek ways of improving and promoting the offerings that we provide which includes fraud risk management services. Furthermore, we have invested in and make extensive use of data analytics as a risk management tool to harvest the power of data mining to not only give us assurance, but to share our findings with you so that you can use these on a continuous basis to monitor and improve your performance, make informed decisions and proactively manage risk.
“Risk is like fire: If controlled it will help you, if uncontrolled it will rise up and destroy you.”
~ Theodore Roosevelt
An effective ERM program identifies and quantifies all risks, not just compliance-related risks, and establishes formal, end-to-end risk management processes. Because ERM covers a wider spectrum of risk, a robust ERM program allows you not only to mitigate or avoid losses but also to facilitate critical decision-making by evaluating uncertain events that could positively affect the achievement of business objectives. ERM will also help you identify emerging risks more quickly and improve the capabilities of the risk management system to handle them.
Our risk advisory services combine in-depth industry experience, a collaborative approach and flexible options, all designed to minimise risk without stifling legitimate growth opportunities. Our ERM consulting teams provide customized risk management advice to assist you in adopting an enterprise-wide approach to analysing and prioritizing risks and aligning them with your strategic goals.
Our ERM services include:
- ERM design, implementation and optimization;
- Evaluating your organisation’s risk culture;
- Facilitated risk assessment workshops and meetings;
- Fraud risk management and forensic investigations; and
- Business continuity and disaster recovery.
These services are designed to support your strategic goals by helping you to:
- Anticipate and meet evolving risk and regulatory compliance requirements;
- Add value to operating and compliance processes; and
- Maintain the security of your most valuable information assets.
“There are risks and costs to a program of action. But they are far less than the long-range risks and costs of comfortable inaction.”
~ John F. Kennedy