Risk Advisory Services
In today’s dynamic environment, changing business models and increasing regulatory landscape, risk management is a high priority for audit committees, board members and senior management of the organizations. Reputation management with key stakeholders and regulatory authorities is vital in the best interest of business and organisational relationships and business continuity.
With extensive experience in risk management services, we help organizations navigate challenges through structured risk mitigation strategies. We focus on optimizing costs, enhancing process efficiency, and strengthening internal controls and systems to drive sustainable growth. Backed by a large team of qualified professionals, with extensive knowledge and industry experience we deliver tailored solutions to address diverse risk management needs of both listed and unlisted companies.
Services
Forensics Advisory
The world is witnessing a rise in sudden business misconduct, including employee or third-party fraud, data breaches, IP theft, anti-trust violations, distressed assets, bribery, corruption, commercial disputes, regulatory non-compliance, and investigations. These issues cost companies hundreds of billions of dollars each year, leading to complex litigation and regulatory actions.
Additionally, the loss of senior management time and unplanned business disruptions can cause unmeasurable damage, including harm to reputation, erosion of organizational value, and weakened investor confidence.
We assist in crisis action planning and help mitigate risks of transgression. Our investigations reveal motives, methods, and identify perpetrators involved in fraud or malpractice.
Internal Audit
Internal Audit helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.
Our Internal Audit services aim to help organizations identify key business risks and mitigate them through a pragmatic and structured approach. Committed to integrity and accountability, our internal audit provides objective assurance and actionable insights to senior management.
Through our risk-based Internal Audit services, we offer comprehensive support to clients by evaluating the effectiveness of control environments across various business processes and systems. We conduct process benchmarking across specific sectors and industries, ensuring alignment with best practices.
Internal Financial Controls
Internal Financial Controls (IFC) play a vital role in ensuring the efficient and orderly conduct of business operations. These controls include policies and procedures designed to achieve regulatory compliance and prevent fraud and errors, encompassing both financial reporting—known as Internal Controls over Financial Reporting (ICOFR)—and operational controls across the organization.
We specialize in Internal Financial Controls services, helping clients document their IFC framework and independently conduct annual testing. We also review the existing IFC documentation, including the Risk Control Matrix, and suggest operational improvements. Our team assists in implementing new processes or enhancing existing ones to ensure robust financial controls.
Standard Operating Procedures (SOPs)
SOPs refer to a set of step-by-step instructions that outline how to perform a routine activity or process in a business. SOPs help ensure that a business operates consistently and in compliance with regulations and standards. They can be used to improve efficiency, safety, and quality control. SOPs should be followed the same way every time to ensure that the organization remains consistent and in compliance with industry regulations and business standards.
Incorporating SOPs strengthens an organization's internal control environment and governance by thoroughly documenting business processes and policies. This includes detailed process flow charts, process narratives, functional Key Performance Indicators (KPIs), Key Result Areas (KRAs), and a clearly defined Delegation of Authority (DOA).
Our SOP services are designed to create a strong control environment, ensuring effective business management and driving efficiency across all verticals. Our expert team develops comprehensive SOPs by thoroughly analyzing your business processes, identifying gaps, and providing clear step-by-step guidelines with well-defined roles and responsibilities. This helps businesses operate smoothly while maintaining compliance.
Compliance Management Services/ Global Compliance Management Solutions
The Companies Act 2013, SEBI Listing Regulations, and the recent Code of Ethics by ICAI have reemphasized the importance of good governance practices to manage regulatory compliance in organizations.
It is the responsibility of Key Managerial Personnel (KMPs), Boards of Directors, CFOs, Company Secretaries, and General Counsels to devise effective systems that ensure adherence to all applicable laws and establish a clear responsibility matrix.
We assist organizations in developing robust compliance frameworks, conducting compliance risk assessments, and designing and implementing compliance programs.
Our team has expertise in regulatory requirements and conducts compliance audits to identify areas of non-compliance. We also provide regulatory compliance management, monitoring, and reporting through a SaaS-based tool, ensuring that compliance obligations are met, approved, and reported accurately and on time.
Our experts help organizations focus on their core business activities while ensuring timely compliance and mitigating potential penalties and reputational risks.
Enterprise Risk Management (ERM) services
Enterprise Risk Management (ERM) is a methodology that takes a strategic approach to risk management from the perspective of the entire firm or organization. It is a top-down strategy aimed at identifying, assessing, and preparing for potential losses, dangers, hazards, and other threats that may interfere with an organization’s operations and objectives. ERM involves a process to identify, assess, and manage key risks across the organization.
Our team works closely with clients to develop ERM frameworks to minimize firm-wide risk. We assist in establishing risk management policies, procedures, and governance structures, ensuring a comprehensive approach to risk identification, analysis, and mitigation. This helps organizations prioritize and manage risks based on their potential impact and likelihood. ERM services include the development of detailed risk policies, key risk indicators, risk reporting dashboards, and risk management training programs.
By leveraging our expertise, organizations enhance their risk management processes, proactively respond to emerging risks, and make informed decisions to protect their reputation, assets, profits, and sustainability.
Inventory and Asset verification services
Asset verification is a systematic process that confirms the accuracy of an organization's asset information. It’s important for financial transparency, regulatory compliance, and informed decision making.
We offer stock physical verification and fixed asset verification services to assist organisations in effectively managing their inventory and fixed assets.
Under Physical verification services, we help organizations to conduct comprehensive physical counts of inventory, reconciling them with the system inventory levels to identify discrepancies and potential shortage / excess. This helps organizations to maintain accurate inventory records and improve inventory management processes.
Our fixed asset verification services involve verifying the existence, condition, and location of fixed assets through physical inspections and reconciling the asset details with the asset register. This process helps to identify the missing, misplaced or any potential misappropriation of assets, ensuring the accuracy of financial reporting.
