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ENTERPRISE RISK MANAGEMENT
In order
to manage risk, companies must first be able to identify
the obvious and perhaps less obvious risks they face.
Risk assessment is a proven, effective method to
identify the key risks, weigh their significance and
develop actions to address them before an event or a
series of catastrophic events happen.
During
this analysis, there will be areas of concern which
surface, often as a surprise to executive management.
Working with your management group, F.A.C.T.S Advisors’
methodical process highlights a company’s risks, as well
as the likelihood of such risks and the potential impact
the risks will have on the company.
Our ERM
approach is targeted to specific needs and can be
tailored to include:
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Aligning risk tolerance and strategy so management can
set its objectives and develop mechanisms to manage the
related risks.
• Identifying and selecting from alternative risk
responses such as risk avoidance, reduction, sharing and
acceptance.
• Reducing operational surprises so that
potential risks can be identified and associated losses
minimized.
• Facilitating effective responses to the
interrelated impacts, and integrated responses to
multiple risks within an organization.
• Identifying and proactively realizing
opportunities
• Assessing capital needs and enhancing capital
allocation.
Our
approach is not a “one size fits all”, but rather to use
our team of dedicated, experienced professionals to
deliver cost effective, risk based, industry-focused
solutions such as:
Controls databases to assess gaps and required design
control improvements
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The hands-on attention of our Managing Partners and
Principals, many of whom have worked within the COSO
framework since its inception.
• Proven methodologies, best practices techniques
and proprietary SOX tool
• Highly experienced Internal Control Specialists
(CFEs*, CICAs, CIAs, and CISAs)
• A fully integrated, in-house team, including
process and information technology experts
• Minimal disruption to your “normal” activities
and responsibilities
• Process mapping, assessing risks, identifying
controls, developing test plans, and testing and
communicating deficiencies for remediation in a timely
manner
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