The changing business environment, due to business growth and diversification and technological reliance for minimal human intervention has provoked new and modified implications over business risk. Therefore, it is foremost important for the management to review their business risks and controls on an ongoing basis and drive the business accordingly.
Business risks are categorized as organization-level risks and process-level risks.
To prevent, detect and manage the business risk, management should constantly evaluate and monitor the business to ensure that appropriate control initiatives are devised. Business risks also include other risks such as risk due to natural disasters, competition, changing customer needs, legal and regulatory compliance, and fast-changing information technology.
The entity should have relevant and reliable Enterprise Risk Management (ERM) system intact to propose the integrated management of all the organizational risks in order to align risk management with corporate governance and strategy.

What can we offer

Our risk management experts spend sufficient time to understand a client’s industry dynamics, business environment and requirements, reporting and control systems to identify key operational and exposed risk areas for business.
After a thorough understanding of the business environment and risk areas, we develop a structured approach to risk identification and implantation of relevant mitigating control that fits within the business’s broader objectives and processes.
We offer our clients innovative strategies and cost-effective solutions to identify reliable controls and to make recommendations to mitigate business risk.

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