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We take the guesswork out of risk management, supporting you to document, understand and develop actions to minimise your risks and maximise your returns.

Understanding and managing the risks and opportunities that exist within and around your business is good business practice. For many organisations, it is also a regulatory requirement.

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Risk Appetite Statements

While you can’t always avoid risk, you can manage it, which is why risk appetite statements are essential to your business’ risk assurance process. These documents are extremely useful in providing a consistent and uniform approach to risk management within your business.

We approach your risk appetite statement by first making sure we fully understand your expectations in regard to risk culture. This can mean interviewing the Board of Directors, senior executives, and others to get an idea of the full picture. We will perform a range of one-on-one interviews and document reviews to achieve and understand your approach to risk-taking and risk avoidance.

Only once we have all of the essential information regarding your business’ approach to risk-taking and risk avoidance do we then put together your document.

Our experienced team of risk assurance professionals will develop fully comprehensive risk appetite statements for your business. This is useful to determine what level of risk your company is willing to take and how you can do it safely.

Our team do this by:

  • Enabling consistent risk management
  • Enhancing decision-making and recognising opportunities for the business
  • Supporting informed risk-taking
  • Providing managers and directors with guidance on when a decision is within or outside their authorities, and who to escalate decisions to

Risk Management Assurance

We believe the best way to approach risk assurance within your business is to integrate it into every part of your organisation’s culture. This means that no matter where you work or in what department, you understand and approach risk in the same way.

To achieve this, we use a tried and tested risk management methodology. We have used this methodology to successfully develop risk assessments and risk management plans for many clients. We have also made sure that this internal audit is in line with the ‘AS ISO 31000:2018 International Standard: Risk Management – Guidelines’.

The core of our methodology lies within three key components that set the standard for risk management.

They are as follows:

  • Finding what principles need to be satisfied before risk management is effective.
  • Developing a framework that integrates these principles for managing risk into your organisation’s overall governance, strategy and planning, management, reporting processes, policies, values and culture.
  • Creating an effective process that can be applied across your entire organisation, to its many areas and management levels, as well as to specific functions, projects and activities.

Our risk assurance professionals employ this methodology to make sure your risk management is effective as well as accessible to your whole team. We will make sure that your organisation’s unique approach and processes are considered and that the risk is fully understood by everyone involved.

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