Services
Corporate Governance Advising:
Ideal for use with board(s) and/or Executive Teams on matters pertaining to a broad range of corporate governance with specific relevance to Audit Committees, Risk Management Committees, compliance, policies, mandates and delegated authoritie
Ethics Processes, Policies, and Training:
An organization’s readiness to handle a compliance issue is critical as it impacts brand value and profitability. Ethics processes and training can educate your employees on the laws, regulations, and company policies of your organization which define the culture and expected behavior of everyone working within the organization, both locally and globally, with a special focus on high-risk areas with the organization.
Whistleblower Hotlines Implementation & Management:
Integrating a confidential employee hotline along with Ethics Process, Policies, and Training has been found to be effective in encouraging employees to report issues of bribery, fraud, ethical violations, discrimination, and other incidents of misconduct at the workplace.
Robust Compliance Program Creation:
Involves the creation of a set of internal policies and procedures that comply with laws, rules, and regulations, to uphold the business reputation. Recommended steps include designating a compliance officer committee, conducting effective training and education, developing effective lines of communication, conducting internal monitoring and auditing, enforcing standards through well-publicized disciplinary guidelines, and responding promptly to detected offenses and undertaking corrective action.
Business Continuity Plan Development:
A proactive planning process that ensures critical services or products are continually delivered during a disruption, which permits the organization to recover its facility, data, and assets, and enact a plan designed to keep the business operating at a critical services level. Necessary resources will be identified to support this continuity plan including personnel, communication plan, information, equipment, financial allocations, critical application, infrastructure protection, and accommodations.
Management Controls Framework (compliant with SOX):
From a risk-based assessment of financial statements and processes, organizes and categories an organization’s internal controls that have been established to create business value and mitigate risk. The main components of the COSO model are considered including internal control environment, objective setting, event identification, risk assessment, risk response, control activities, information and communication, and monitoring.
Audit Department Transformation, Leadership, and Mentoring:
Many audit groups struggle to provide value to executive management and the Board. We have the experience and business savvy to transform your audit department into a lean and effective team that can deliver value and results and become a trusted advisor to both the Board and executive management.
Fraud Investigation:
Leveraging a wealth of experience in fraud investigation and interviewing techniques, we will help insurance any investigation will be performed effectively and with appropriate candor. Involves a thorough analysis of company controls, processes, and procedures in uncovering suspected fraud including a detailed plan of action to resolve the issue and ensure that the problem does not reoccur.
Fraud Risk Assessment:
Identifies areas of your business which are most susceptible to fraud, which fraud schemes are most likely being perpetrated and in what parts of the business. We then recommend appropriate mitigating controls, reviews, audits or monitoring activities in response to the level of fraud risk.
Operational Auditing:
A future-oriented, systematic, and independent voluntary evaluation of organization activities ensuring the effectiveness of internal controls, risk management, and governance, an audit traditionally includes five phases: Selection, Planning, Execution, Reporting, and Follow-up. The scope of work is very broad and can encompass any matters which can affect the achievement of organizational objectives. The focus is to ensure Value for Money of any program through the assessment of Effectiveness, Efficiency and Economy.
Enterprise Risk Management (ERM):
The process of planning, organizing, leading, and controlling the activities of an organization in order to minimize the effects of risk on an organization’s capital and earnings. Enterprise risk management includes financial, strategic and operational risks, as well as the upside of risk. We bring to bear years of experience in embedding effective risk management into an organization and creating ownership and buy-in by the operational groups.
Risk Appetite, Thresholds, and Key Risk Indicators Development:
Risk management can only be optimized if a company understands what risks it is willing to accept, and which it is not. From a company’s risk appetite, you can set appropriate threshold limits at the operational process level that need to be monitored. Key Risk Indicators should also be regularly reviewed to ensure that risk management is forward focused rather than rear facing.