Helping Identify & Manage Risk
Have you performed a top-down, risk-based audit and assessed risk in a Sarbanes-Oxley (SOX) world? The SOX Act of 2002 necessitates that management have a more structured, focused understanding of the key risks facing a company, particularly relating to financial reporting.
Working with your management team, our approach begins with a broad understanding of corporate governance and applies Enterprise Risk Management (ERM) principles, which focus on a broader array of risks than those covered by traditional risk-based auditing. This approach integrates key ERM with previous audit methods by:
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Embedding strategy, objectives, risk appetite, and understanding of a company’s ethical environment in the planning of the audit, positioning these factors as the foundation for audit judgments.
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Increasing the focus on how management measures and monitors performance relative to their objectives and tolerances.
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Evaluating the organization’s ability to manage and monitor risks on an ongoing basis, instead of focusing only on their success in managing risks in the past.
To keep up with a rapidly changing marketplace, your company needs highly qualified professionals with the knowledge, methodology, and technology necessary to assist you in addressing your risks. That’s why Plante & Moran’s Business Risk Services takes the approach of melding the skills of industry specialists with our team of internal control professionals to show you how to make the most of your internal audit and risk management functions while keeping your organization thriving.
We’ll leverage our operational knowledge and in-depth industry experience to develop effective approaches to risk management, at a competitive cost. Providing ERM services is part of our core business; as such, we’ve made the investments in methodologies, technology, knowledge, and systems. We also provide a suite of strategic, outsourcing, and industry-focused operational services to assist your company on a global level evaluate and enhance you internal audit and risk management functions.
Our Business Risk Services include:
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