Effective risk management is crucial in a global economy where businesses face a variety of potential risks. It is vital for avoiding damage to the company’s reputation and maintaining stakeholder confidence.
As part of our risk consulting services, we take on the entire risk management process for your organization, allowing you to focus on your core operations with confidence. Our expert team reviews your processes and systems to identify areas of improvement and deliver tailored solutions. With extensive experience in risk consulting, we take a proactive and customized approach to managing your risk exposure, ensuring that your company’s reputation is safeguarded, and your business goals are achieved.
Our risk consulting and advisory services include the following:
Analyzing business operations to identify potential risks and developing an enterprise risk management (ERM) strategy
Assessing and prioritizing risks, setting up preventive controls, and formulating strategies for risk transfer
Developing a comprehensive risk management policy
Creating guidelines for stakeholders to ensure compliance with the risk management policy
Communicating the guidelines to all departments and functions within the organization
Defining the risk appetite for each function and establishing procedures for compliance, with multiple checkpoints for monitoring
Regularly updating the risk management policy to adapt to changing economic and industry conditions
Conducting audits of internal functions and processes to identify risk exposure
Implementing the risk management policy across all departments to ensure company-wide adherence
Providing training to various departments to ensure the policy is effectively executed, including both general and function-specific procedures
Assisting during the execution phase to avoid potential pitfalls
Offering guidance on setting up key requirements for a robust risk management system
Establishing measurement parameters to assess risk exposure and risk management effectiveness
Continuously evaluating the effectiveness of the risk management system and making improvements where necessary
Developing standardized monitoring and control procedures to ensure compliance with the risk policy and to track benefits from the risk management system
Reviewing business operations regularly to identify new risk exposures
Evaluating the impact of the risk management system’s implementation to determine return on investment
In addition to these services, we offer:
Regulatory compliance services
Corporate governance consulting
Internal controls framework consulting
Internal audit and information systems audit services
Fraud investigation and forensic accounting services
Anti-money laundering (AML) services
Ongoing consulting in governance and due diligence
At KMG CO LLP, we guide you through every step of the risk management process, ensuring that your business can navigate challenges with minimal disruption and maximum protection.
Analyzing business operations to identify potential risks and developing an enterprise risk management (ERM) strategy
Assessing and prioritizing risks, setting up preventive controls, and formulating strategies for risk transfer
Developing a comprehensive risk management policy
Creating guidelines for stakeholders to ensure compliance with the risk management policy
Communicating the guidelines to all departments and functions within the organization
Defining the risk appetite for each function and establishing procedures for compliance, with multiple checkpoints for monitoring
Regularly updating the risk management policy to adapt to changing economic and industry conditions
Conducting audits of internal functions and processes to identify risk exposure
Implementing the risk management policy across all departments to ensure company-wide adherence
Providing training to various departments to ensure the policy is effectively executed, including both general and function-specific procedures
Assisting during the execution phase to avoid potential pitfalls
Offering guidance on setting up key requirements for a robust risk management system
Establishing measurement parameters to assess risk exposure and risk management effectiveness
Continuously evaluating the effectiveness of the risk management system and making improvements where necessary
Developing standardized monitoring and control procedures to ensure compliance with the risk policy and to track benefits from the risk management system
Reviewing business operations regularly to identify new risk exposures
Evaluating the impact of the risk management system’s implementation to determine return on investment
Regulatory compliance services
Corporate governance consulting
Internal controls framework consulting
Internal audit and information systems audit services
Fraud investigation and forensic accounting services
Anti-money laundering (AML) services
Ongoing consulting in governance and due diligence
