Business enterprises always have to manage risks. Companies have to take risks in order to be able to grow; but it does not need a blind flying. Companies can take risks with a clear understanding of the potential consequences, positive and negative, with the ability to benefit from indications of success. In today’s world, where close governmental, regulatory and market place scrutiny rules are put in place which had been never before, besides growing business complexity and emerging threats, it makes the need for comprehensive risk management more vital than ever. In order to do this, decision makers need to develop a new understanding of their organization’s resources in a comprehensive, integrated and transparent way.
Our Enterprise Risk Management Services (ERM) of Bizilance Cost & Management Accountants help clients manage risk and uncertainty from the boardroom to the network. We help our clients to get more from their internal audit and risk management functions.
Our enterprise risk services include:
Internal Audit
Internal audits evaluate a company’s internal controls, including its corporate governance and accounting procedures. These audits ensure compliance with laws and regulations and help to maintain accurate and timely financial reports and ensure efficient data collection. Internal audits also provide management with the tools necessary to attain operational efficiency by identifying problems and correcting lapses before they are discovered in an external audit.
We provide a full range of internal audit services, tailored to meet the requirements of our client’s organization:
- Fully outsourced internal audit service
- Management of the in-house internal audit service
- On and off specialised projects’ internal audit
- Preparation of audit needs assessment
- Risk management and Board/Governance Assurance Frameworks
- Management of internal controls
- Governance consultancy and corporate control assurance
- Value for Money reviews
Information Risk Management
Information Risk Management (IRM) is a form of risk mitigation through policies, procedures, and technology that reduces the threat of cyber-attacks from vulnerabilities and poor data security and from third-party vendors. Data breaches have massive, negative business impact and often arise from insufficiently protected data.
Our Information Risk Management services supports your company for a sustainable structure that is compliant with laws and standards, discovering and taking precautions for the risks associated with your processes and systems.
Financial Risk Management
It is the practice of protecting economic value of a company by using financial instruments to manage exposure to risk: operational risk, credit risk, market risk, foreign exchange risk, volatility risk, liquidity risk, inflation risk, business risk, legal risk, reputational risk, sector risk etc. Similar to general risk management, financial risk management requires identifying its sources, measuring and planning to address the identified risk.
Our financial Risk Management Services includes:
Market and Credit Risk– We assist clients in asset level reviews, analytics and cash-flow modeling, structural and document review, and post-closing compliance testing.
Capital Management, Liquidity and Treasury Risk– We transform and scale clients’ treasury and commodity trading capabilities focused on large company events, including Mergers & Acquisitions, Financial Transformation, responding to regulatory requirements and changing market conditions attributable to commodity and currency volatilities and liquidity conditions.
Accounting and Financial Reporting Risk– We assist companies with changes in accounting and regulatory requirements, capital market transactions, acquisition, and divestiture transactions.