All companies can benefit from prudent risk management. This means defining your key risks, weighting their probability and impact on business drivers and developing your thinking on actions to take.
EY can support you in this. We can undertake risk assessments that go beyond financial and regulatory risk to consider the wider environment in which you operate.
We can conduct scenario planning for your key risks to make sure your risk management processes are linked to the actual risks that your business faces.
And we can help you put in place effective monitoring and control processes that give you earlier warnings, and enable you to respond quickly and effectively.
This rigorous and disciplined approach to risk management helps you safeguard the future of your business.
For more information, visit our Advisory pages.
ViewPoints on risk appetite and cyber security risks
Audit chairs from leading European companies discuss the value of incorporating risk appetite in their enterprise risk management system frameworks and responses to growing cyber security risks.
Convey the health of your internal controls instantly
Painting a clear picture of risks is a challenge for Internal Audit teams. A simple “pass/fail” rating for controls is no longer enough to satisfy the business. With a three dimensional control rating system, you can better gauge effective or ineffective controls. Find out more in our series 5: insights for executives.
Does your Internal Audit function have a seat at the table?
To be the strategic advisor executives want, Internal Audit has to have a seat at the table. Read our report to learn why Internal Audit should be involvedin all strategic decision-making to grow or improve your organization.