RISK ADVISORY SERVICES
What is risk advisory?
Risk advisory services are defined as the process of helping the companies to identify risks that it faces and minimize them.
What are the common risks that organizations face?
Organizations face different risks such as operational risks, strategic risks, economic risks, regulatory risks, cyber risks, financial risks, legal risks, IT risks, and reputation risks.
What is risk management?
Risk management means the process of identifying all the risks that businesses face, assessing these risks, and taking steps to avoid the risks, reduce its impact, or handle its impact. A risk management plan enables organizations to save time, money, assets, people, and other resources.
Our risk consulting and advisory services include the following:
Study of the business operations to identify risks and formulation of enterprise risk management (ERM) strategy
Assessment of the identified risks, risk prioritization,
establishing preventive controls, formulation of risk transfer strategiesFormulation of a risk management policy
Developing guidelines for the stakeholders to comply
with the risk management policySharing the guidelines with everyone involved in various functions of the business operations
Defining the risk appetite for each function and the process to comply with the guidelines with several checkpoints for compliance
Updating the risk management policy depending on change in economic conditions and industry factors
Auditing of the internal functions and processes to check
for risk exposureImplementing the risk management policy across the company’s functions and departments
Conducting training for various departments for effective implementation of the policy by explaining general and function-specific operating procedures
Handholding the companies during the execution process to avoid major pitfalls
Assistance in setting the key requirements for a robust risk management system for the company
Developing parameters of measurement for the company so that both risk exposure and risk management can be measured properly
Measuring the effectiveness of risk management factors and making improvements, if and when required
Creating standard monitoring and control procedures to check if the company is complying with the risk policy and obtaining benefits from the risk management system
Reviewing the processes and operations of the company to check for any more risk exposure
Measuring the impact of implementing the risk management system in the company to find the return on investment
Regulatory compliance services
Corporate governance consulting services
Consulting services on internal controls framework
Internal audit services and Information systems audit services
Fraud investigation and Forensic accounting services
Anti-money laundering (AML) services
Consulting at every step of governance and due diligence