Adding Value through a Customized Approach
Your business faces a multitude of complex risks. Digital disruption of your markets, macro-economic downturns, as well as geo-political instability, climate change, pandemics and social movements can all threaten the sustainability of your business. An increasingly globalised economy means that a single event on the other side of the world can change things that you took for granted. You cannot control these events or the associated risks but you can prepare for them effectively.
Proper risk management is no longer simply a matter of identifying and mitigating risk. Rather, today’s organizations must go above and beyond, and implement proactive structures that not only detect risk, but also enhance the strategic and operational foundations of their business.
By managing risk through effective internal control and governance, your businesses can do a lot more than survive. It can drive more effective strategies and operations. It can take full advantage of opportunities, using risk as a driver for change and success. When done well, risk management not only future-proofs your organisation, it helps you navigate stormy waters and unexpected headwinds.
BDO’s Risk Advisory Services Practice works with clients proactively to manage risk through the creation of sound internal controls. Our professionals have a deep understanding of industry issues, and provide guidance to public and private companies alike – from startups to listed enterprises. We also help clients design and implement global compliance programmes and drive results through internal audit. Working with us, you will be able to establish an internal audit service that delivers not just assurance to the Board through the Audit Committee, but adds value to the entire organisation.
Our practice combines the personal involvement of a trusted advisor with the resources of an expansive international network, facilitating a swift turnaround for even the most complicated matters.
We can help you design and implement practical and cost-effective enterprise risk management solutions. We can support you by helping you to tailor and design a framework that meets your governance requirements while remaining practical and efficient as well as enhancing your Board reporting. Our teams also provide controls assurance, helping you to make sure your risks are being mitigated effectively for your own governance purposes.