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.
Ernst & Young & IIA 2011 Risk Management Survey
Ernst & Young, Malaysia and The Institute of Internal Auditors Malaysia have released the 2011 survey findings on risk management practices in Malaysia. According to the report, organisations are placing increasing importance on identifying, understanding and managing risks when making business decisions. More also needs to be done in building and embedding a risk-aware culture within the organisations.
The top 10 risks for business
In today's post-downturn economy, a variety of business risks have emerged -- and some have become more prominent. From the threat of increased regulation to emerging markets to social responsibility and more, our survey of leading industry executives shows which risks you should be prioritizing this year.
Manage risk in the current climate
This issue of BoardMatters Quarterly, "Managing risk in the current climate" (pdf, 610kb), is dedicated to helping audit committees identify, prepare for and protect against the key risks their companies may face during these strenuous times.
