Evaluation of an Existing Risk Management System
Our services range from evaluating compliance with the basic standards, to auditing of systems when such audits are required (such as for listed companies) or conducting voluntary audits (such as at the request of a supervisory board or using the questionnaire under the Law on Basic Budgetary Rules). We will agree with you on the scope of the assignment.
In practice, risk management systems are often tested by Internal Audit. In smaller companies, and even at mid-sized ones, there is often no provision for a systematic review. And at those companies, it is a good idea to perform such a review from time to time. This allows you to make sure that your current system is not merely a paper tiger and that the procedures you came up with are actually being implemented.
In connection with our audit, we will obviously not just point out weaknesses but will also suggest possible solutions. You will benefit from our wide range of experience, our interdisciplinary approach and our knowledge of how to implement such systems.