We help Corporates identify key risks facing their businesses and develop strategies to manage these risks. Risks can be strategic, operational, financial, reporting or legal and regulatory.
- A comprehensive inventory of risks by process and industry segments.
- A repository of desired controls by each risk.
- Extensive Knowledge – Bank of major issues and best practices.
Methodology
- Identification, evaluation & prioritization of key business & process risks.
- Listing of mitigating internal controls against each risk.
- Mapping of business processes and evaluation of Internal controls.
- Testing of Internal controls for effectiveness using ‘walk-thru’ tests.
- Recommending improvements in internal controls, business processes & financial reporting.
- Benchmarking with best practices.
- Review for compliance with corporate policies, statutory & regulatory environment.
- Review of IT systems.
- Review of effectiveness of managerial supervision.