Risk & Crisis Management
Find Value Beyond Compliance
Clearly understand and quickly respond to threats with practical governance, risk, compliance and emergency response capabilities.
It's a fundamental part of business and a balancing act. Managing risk is as much about seizing opportunity as it is limiting downside, but the fact remains. Compliance with laws, regulations and standards can be time consuming and costly. Today's risk management strategies must seek to lower the cost of compliance while ensuring alignment with your most pressing business goals.
Today's Challenges:
Identify and manage enterprise risks. Your investment in risk management should speed the pace of business not slow things down. [More +]
What is the challenge: A clear understanding of enterprise risk is a strategic and competitive advantage. Good risk management mitigates exposure to financial, strategic, operations and compliance issues and provides management with the information needed to make better decisions. And with rating's agencies like S&P now evaluating risk management programs, the push for strengthening and enhancing risk management is no longer a "nice to have" but directly affects the cost of capital. Implementing enterprise risk management does not have to be a time consuming and resource intensive effort. Be aware of overlapping risk management efforts and the opportunities that exist to leverage activities across the enterprise in order to lower costs and strengthen overall awareness and likelihood of key risks
Related Services:
• Internal Control Services
• IT Audit and Technology Risk
• Business Continuity Planning
• IT Strategy and Planning
Rapid response to compliance failures. Rapid response requires a commitment by management to do what is necessary to protect shareholder value. [More +]
What is the challenge: Every organization has to comply with a range of regulations, industry standards and reporting requirements. Failure to meet these obligations due to mismanagement, fraud, poor planning or ineffective controls can have significant implications including lost revenue, fines, reputational damage and other consequences. For public companies and other regulated entities compliance breakdowns are a real threat. Management needs to be prepared to respond rapidly in order to limit downside and protect reputation. This requires the ability to quickly gather facts, engage key parties, perform analysis and communicate vital information to all parties. Rapid response may also require subject matter expertise in areas like forensic accounting, financial reporting, Governance Risk and Compliance, IT and other subject matter expertise. Most importantly a rapid response requires a commitment by management to do what is necessary to protect shareholder value.
Related Services:
• Accounting and Audit Support
• Internal Control Services
• Fraud Investigation and Litigation Support
• Management Transition Services
Ensure business continuity and resiliency. Risk tolerance and business strategy must guide BCP and DR plans. [More +]
Power failures, system crashes, natural disasters, supply chain problems, and other unforeseeable disruptions can reap havoc. A collapse of core infrastructure, systems, processes and communications, even minor, can have serious consequences. Disaster recovery and business continuity plans (BCP) are an essential part of risk management efforts are key to protecting the well being of an organization. Effective Business Continuity Programs will extend beyond information technology to include standard operating procedures (SOP), scenario planning and training, and process changes. Significant attention to establishing clear roles, responsibilities and authorities is also required. In addition, consideration of an organization's risk tolerance and business strategy must guide planning, documentation, implementation, and execution of BCP and DR plans.
Related Services:
• Enterprise Risk Management
• Business Continuity Planning
• IT Strategy and Planning
• Infrastructure Design and Installation
• Mobile and Transportable Communications
Protect critical and sensitive data . Security threats from internal and external sources, both malicious and unintentional, must be recognized and managed. [More +]
What is the challenge: There is hardly a business today that does not depend on the collection of information related to people, IP, strategic plans and other sensitive information. IT security and protection of critical information assets is now an unavoidable fact of doing business. Maintaining a cost effective network that enables collaboration and ensures security is a key priorities for IT departments. There are challenges. There is a maze of technology solutions that must be evaluated. For example, the cost savings value proposition of everything over IP (EoIP) is significant, but opens up security risks that must be managed. Security risks and threats from a growing numer of internal sources, both malicious and unintentional, also must be recognized and managed with sound security policies, processes and controls and technology.
Related Services:
• Enterprise Risk Management
• IT Audit and Technology Risk
• Data Management and Business Intelligence
• Business Continuity Planning
• IT Strategy and Planning
