Business Risk Standards
Large scale corporate failures across the globe have been attributed to a lack of accountability, strategy and transparency. As a response tougher risk management expectations were introduced by international standardisation bodies, regulators and other stakeholders, including a significant update to the AS/NZS 31000: standard.
Never before has Risk Management been so important for Company profitability and survival.
Potential issues you may be facing
- You need to improve relationships with stakeholders & regulators
- You need reliable data for internal & external reporting
- You need risk identification & Risk Assessment for business processes
- You want to implement a risk management system & governance
- You want to plan an IPO
Business Risk Services
- Benchmarking your current risk management practices against recognised industry standards, including AS ISO 31000:2018, COSO:ERM & FERMA Risk Management Standard
- Developing strategies to assist in implementing an enterprise risk management (ERM) system
- Helping to integrate risk management outputs into strategic & financial planning, decision making & performance management
- Assessing your organisation’s risk management maturity & culture
- Performing risk assessments & creating company risk profiles
- Business continuity management & disaster recovery planning
- Risk management training
Business Risk Benefits
- Improved risk management, strategic planning, budgeting & performance management
- Improved protection of the company brand
- Reduced compliance costs
- Increased focus on stakeholder issues
- Lower penalty risk as a result of breaches of compliance