Risk is an unavoidable part of doing business. Companies that successfully manage
their
risks can create the greatest value for their stakeholders. These companies
consistently
achieve their strategic objectives by following a disciplined approach to assess
business
risks and maintain effective control systems. However, in today’s ever-changing
world,
executing on this approach is not easy. Al Bassam & Co. Risk Services Group can
help.
Working with you to enhance and protect value and drive process improvement is our
mission.
Accordingly, we offer a range of flexible service options, which we tailor in
collaboration
with you. These services can be delivered in tandem with risk management solutions.
This is
likely to be the approach when the internal audit is going through rapid
development.
WE OFFER
- Full outsourcing of the internal audit Functions
- Partnering (co-sourcing) with your own internal audit functions
- Design of a new internal audit function
- Support services
- Staffing/ secondment
- Quality Assurance Reviews of Internal audit
We also offer advisory services, including assessment and performance measurement of
internal
audit functions.
RISK ASSURANCE SERVICES
In today’s business environment protecting the assets, reputation, and future success
are
priorities for boards across all industry sectors. What is now known as “risk
assurance”
typically addresses corporate governance, risk or compliance Issues.
There is a danger that if risk assurance efforts remain disparate, you will be
limited to
responding to risks in a reactive way. We can support your organisation’s efforts to
integrate risk assurance related activities by assessing:
- Your view of your organisation’s risk profile
- Our analysis of your organisation’s risk profile
- Your organisation’s distinctive “wiring” and
- It’s wider operating environment
By successfully balancing risk and control, organisations can significantly enhance
the value
delivered to stakeholders.
Our services are designed to establish or reinvigorate assurance efforts in the areas
of Risk
Management, Internal Audit and Information Systems.
RISK MANAGEMENT SERVICES
Client’s interest in risk issues is often driven by:
- The stage of development of risk management within the business
- The perception of key risk related issues
- The extent to which specialist resources exist within business
- The operating environment of the business
However, it is important that risk management strategies are deployed with a
“light-touch”.
Over-exuberance can severely impact business ability to perform effectively.
Currently our main services are clustered around:
- Risk Management reviews
- Risk strategy development
- Risk Management blueprinting and implementation
- Risk identification and assessment