Our Risk Advisory Services (RAS) solutions are designed to help our clientele identify potential risks and develop strategies to mitigate them, while unlocking new opportunities for growth. Our team of experienced risk management professionals can help you assess your current risks, develop risk management strategies, and implement best practices to protect your business. Whether you are facing compliance challenges, cybersecurity threats, or other risks, we have the expertise to help you navigate the complex landscape of risk management.
What is Risk Advisory?
Internal Audit Outsourcing
We conduct independent reviews of an organization’s business processes, risks, and controls to:
• Identify areas for improvement, such as revenue leaks, cost optimization, and process optimization.
• Provide independent assurance regarding the effectiveness and efficiency of controls.
• Ensure compliance with defined processes and policies.
• Identify early warning signals and red flags related to fraud risks
Segregation of Duties (SOD) Review
Due to the intricate nature of user access conflicts in fully integrated ERPs, the Audit Committee and Board of Directors have raised concerns regarding the adequacy of corporate governance procedures, specifically relating to Identity & Access Management. Granting user access without addressing segregation of duties risk can result in substantial risks of fraud and financial reporting inaccuracies. Segregation of duties is a fundamental element of internal controls for safeguarding a company’s assets. Our services involve reviewing user access rights, identifying segregation of duties conflicts, and offering remediation strategies to address these conflicts.
SOX / Internal Financial Control Testing
We design and implement internal controls and reporting frameworks based on globally accepted COSO guidelines, improving corporate governance, financial transparency, and the integrity of financial reporting. Additionally, we provide support in conducting management testing of key controls, ensuring compliance with global standards for documenting and reporting testing results to key stakeholders
Standard Operating Procedures (SOP) Designing
We help in documenting standard operating procedures for key business processes with the objective of ensuring consistency and standardisation in implementation of processes; knowledge transfer across employees; improve process efficiencies; common language for company-wide process understanding; maximising on controls automation
Accounting and Audit Support
Provide accounting and audit support to our clients in the following areas :
• General Accounting and bookkeeping
• Cash Inflow/ Outflow/ Fund flow statements
• Financial Budgeting
• Reconciliations and MIS, etc.
Staff Augmentation Services
We offer staff augmentation services to supplement your team with additional talent and capabilities as needed. We provide clients with resources possessing relevant skills and domain experience to fulfill their short-term manpower needs. Our resource pool specializes in corporate governance, internal audit, risk and controls mitigation, compliance, and accounting. This enables organizations to quickly find the ideal match for their business requirements