RADAR℠
(Risk Assessment, Detection And Reduction)

At Cherry, Bekaert & Holland, L.L.P. (CB&H), our Risk Management Services are designed to meet the unique challenges facing public and private entities in today’s business environment. Sweeping reforms in financial reporting, regulatory compliance, stock exchange requirements and the Institute of Internal Audit (IIA) requirements have increased the strategic importance of a solid internal audit function and the role that function plays in the overall assessment of entity-wide risk.

CB&H’s RADAR (Risk Assessment, Detection And Reduction) service is designed to help management evaluate entity-wide risk. RADAR is an industry-leading risk assessment model that is populated through a series of surveys, questionnaires and strategic interviews, which help to identify, evaluate and assess potential areas of risk to the entity.

• RADAR demonstrates management’s risk assessment process in accordance with accepted internal control frameworks.
• RADAR aids in the effective and efficient allocation of limited human resources. With the increasing demand for staff and unique skill sets, many entities outsource the entire internal audit function or co-source with an outside firm to supplement a specific project, industry or technical audit need.
• RADAR focuses the design of the annual internal audit plan, which may result in financial, operational or other special audits such as the following: