“It will never happen to us” Balancing risk while driving success

Change it seems is the only constant in the world and business are being impacted through much greater expense by financial, economic, environmental, technological, political and social factors. 

Managing this change is vital to ensure your business remains relevant and maintains its competitive advantage. 

Risk management is the forefront of any organisation aligning its strategy with the operations of the organisation.  In managing risks, business should ensure that these risks are mapped to controls and assurance providers thereby creating the three lines of defence in a combined assurance model.

Business who constantly review their risk management process, compliance and governance process, the combined assurance process and the system of internal controls will ensure that the business is protected through these changing times and create stakeholder value.

The businesses who will create stakeholder value are the ones that are able to balance risk with opportunity.  Those businesses who not only ask “ where is the business exposed” but the relevant question “are we taking enough risks”

BDO's Risk Advisory Services (RAS) specialists offer global assurance and advisory services over the quality of internal control, risk and governance frameworks.

Working with us, you will be able to establish an internal audit service that delivers not just assurance to the Board through the Audit Committee, but adds value to the entire organisation.

We can help you design and implement practical and cost-effective combined assurance model that allows you to ensure all your risks are managed and receive assurance on the level of controls from various assurance providers.