Risk & Compliance
KPMG's Risk and Compliance practice delivers services in Internal Audit, Accounting Advisory, Financial Risk Management and Forensics.
In today's business world, companies are under pressure to produce ever-better results while managing a wide range of risks that can threaten their survival.
Companies often have an initial risk issue that requires a rapid response. This can be the trigger to look at longer term risk management strategies. Companies may need to ensure they can integrate their activities effectively, align existing infrastructure to new business requirements, or put necessary business processes, systems, and controls in place.
As well as having to meet a new range of tougher regulatory requirements, our clients are facing calls from stakeholders for greater transparency and stronger corporate governance. More and more boards are asking how they can secure some commercial return on the substantial investment this requires. How robust is your governance, risk and compliance program?
KPMG's Risk and Compliance practice delivers services in Internal Audit, Accounting Advisory, Financial Risk Management and Forensics.
In today's business world, companies are under pressure to produce ever-better results while managing a wide range of risks that can threaten their survival.
Companies often have an initial risk issue that requires a rapid response. This can be the trigger to look at longer term risk management strategies. Companies may need to ensure they can integrate their activities effectively, align existing infrastructure to new business requirements, or put necessary business processes, systems, and controls in place.
As well as having to meet a new range of tougher regulatory requirements, our clients are facing calls from stakeholders for greater transparency and stronger corporate governance. More and more boards are asking how they can secure some commercial return on the substantial investment this requires. How robust is your governance, risk and compliance program?
Financial risks have probably never been more acute. Capital reserves, credit portfolios, investment policies and capital and debt profiles all demand constant scrutiny to adequately manage and mitigate risk.
Companies should also be vigilant about risks presented by suppliers. A counterparty who defaults on a contract, or whose business collapses, can have serious financial and reputational ramifications for connected parties.
Fraud risks can also increase when cash is tight. Some employees become more opportunistic — and external hackers more resourceful. They find security lax in areas of the business that used to be better resourced … and they strike. Are your systems and policies sufficiently robust to ward off the risk of fraud?
At the same time, many companies are more likely to pursue litigation for losses that they would otherwise endure in more prosperous times. Disputes arise as they seek to apportion blame to other parties for inappropriate or negligent behavior that results in financial or business loss. Could you end up as instigator or defendant in a litigation case?
With all these demands, internal audit is in many companies often elevated from pure compliance to a function that regularly reviews the risk profile for emerging risks and identifies trends as it keep its finger on the pulse of business performance. The chief risk officer, meanwhile, becomes increasingly involved in strategic decision-making where the emphasis is as much on risk as it is on growth.
Fortify your business. Our professionals provide the experience to help companies stay on track and deal with risks that could unhinge their business survival.
For more information, please contact:
Dr. Rasheed Al Qenae
Partner
ralqenae@kpmg.com
Companies should also be vigilant about risks presented by suppliers. A counterparty who defaults on a contract, or whose business collapses, can have serious financial and reputational ramifications for connected parties.
Fraud risks can also increase when cash is tight. Some employees become more opportunistic — and external hackers more resourceful. They find security lax in areas of the business that used to be better resourced … and they strike. Are your systems and policies sufficiently robust to ward off the risk of fraud?
At the same time, many companies are more likely to pursue litigation for losses that they would otherwise endure in more prosperous times. Disputes arise as they seek to apportion blame to other parties for inappropriate or negligent behavior that results in financial or business loss. Could you end up as instigator or defendant in a litigation case?
With all these demands, internal audit is in many companies often elevated from pure compliance to a function that regularly reviews the risk profile for emerging risks and identifies trends as it keep its finger on the pulse of business performance. The chief risk officer, meanwhile, becomes increasingly involved in strategic decision-making where the emphasis is as much on risk as it is on growth.
Fortify your business. Our professionals provide the experience to help companies stay on track and deal with risks that could unhinge their business survival.
For more information, please contact:
Dr. Rasheed Al Qenae
Partner
ralqenae@kpmg.com
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