The goal of risk assurance is to identify and maximise opportunities, protect reputation, manage risk, and design and implement an optimised control environment.
Risk assurance is an important component of the overall risk managed process that involved verifying risk mitigation and internal controls. It includes tasks such as management reviews and specialised independent reviews that test and validate the control environment. Risk assurance involved tiers of internal processes so that internal audit and leadership teams are aware of the organisations internal and external risks.
Business assurance refers to a solution or a service that provides certainty or confidence regarding a future event or outcome. Research has shown a direct link between organisational success and good assurance. We can help your business with objective and independent oversight of activities and business processes regarded as the key success factor in delivering successful outcomes. Our detailed process assessment will provide assurance over the design of processes and controls and their operation over time to demonstrate effective risk mitigation.
Do your third-party partners have adequate processes and controls to meet your requirements (contractual or other). We can help you with an independent compliance assessment to provide assurance that external partners are meeting contractual obligations and are operating in line with your value and delivery requirements.
An objective assessment of assets and performance compared to recognised good practice in other organisations. Providing you with a comparison of the state of each asset and every aspect of performance against a maturity model drawn from global models of good practice.
An independent check on both the efficiency and effectiveness with which high priority risks are being managed. We can provide detailed testing of the treatments used to manage and mitigate key risks, with a particular view to objectives, their costs, and benefits. We will also provide a comparison with options that may be more suited to current and future circumstances.