How Can I Effectively Manage My Risks?
Organizations typically fail to meet goals, incur losses or make substantial misjudgments for three main reasons:
- Unseen Risk – Failure to foresee emerging risks (e.g.; blindsided by the unanticipated);
- Known Risk – Not properly managing known risk (e.g., unintended consequences); or
- Control Failure – Reliance on inadequate controls which fail to mitigate the risk as expected.
These are not considered “Black Swan” events, which include the most unlikely occurrences and are arguably highly unpredictable. However, these are risks in the ordinary course of business that your organization could face.
To help you understand and navigate this ever-changing landscape, Cherry Bekaert’s Risk & Accounting Advisory professionals provides assistance with the following:
Internal Audit (“IA”) Services
- Finance, Operations, Compliance Process Audit
- Process Controls Assessment and Optimization
- IT Controls Assessment and Optimization
- Sarbanes-Oxley (“SOX”)
- Policy & Procedure Development/Review
IT Audit
Compliance Advisory Services
- Sarbanes-Oxley (“SOX”)
- COSO 2013 Gap Analysis
- Readiness
- Ongoing Monitoring
- FISMA/FEDRAMP/NIST
- HIPAA Assessments
- FFIEC/BSA/GLBA
- Service Organization Control (“SOC”) Reporting Services
Business System Ad-hoc Reporting Services
Enterprise Risk Management Services (“ERM”)
- Enterprise Risk Management Frameworks
- Enterprise Risk Assessments
- Project Risk Review
- Risk Training
Risk Assessment Services
- Enterprise Risk Assessments
- IT Risk Assessments
- Process Level Risk Assessments
- Fraud Risk Assessment
Procurement-To-Payment (“P2P”) Consulting
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