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Every growing business develops processes. Over time, however, processes can become inefficient, controls can weaken and responsibilities can become unclear.
Our Risk Advisory services help organisations identify vulnerabilities, strengthen internal controls and improve the way critical processes operate.
Internal Audit
Internal Audit
We provide risk-based internal audit support focused on:
- Understanding key business processes
- Identifying operational and financial risks
- Evaluating existing controls
- Testing selected controls
- Reporting observations and control gaps
- Following up on corrective actions
Risk-based internal audit and outsourced / co-sourced internal audit are established approaches within professional-services practices.
Risk & Control Matrix
Risk & Control Matrix
We assist with developing and reviewing Risk & Control Matrices (RCMs) to map:
Process → Risk → Control → Testing → Observation → Action
Process → Risk → Control → Testing → Observation → Action
RCMs, process narratives and control testing are commonly used in internal financial control and risk-management frameworks.
Process & SOP Reviews
Process & SOP Reviews
We can assist businesses in:
- Reviewing existing processes
- Developing or updating SOPs
- Documenting process flows
- Identifying process gaps
- Reviewing authority and approval structures
- Strengthening segregation of duties
- Recommending process improvements
Internal Controls & Governance
Internal Controls & Governance
Our work can also cover:
- Internal Financial Controls (IFC)
- Internal Controls for Financial Reporting (ICFR)
- Fraud-risk considerations
- Governance frameworks
- Review of specific business processes
Our Objective
Our Objective
Risk advisory should not create another layer of bureaucracy.
It should help management answer three questions:
What can go wrong? What controls are in place? How can the process work better?
What can go wrong? What controls are in place? How can the process work better?
Identify risk.
Identify risk.
Strengthen controls.
Strengthen controls.
Improve processes.
Improve processes.
Review Your Business Processes
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