Risk assessments are vital to effective governance and compliance. In fact, the very notion of GRC is built upon an initial understanding of what risks an organization is willing to tolerate, and at what level. With perpetually shifting boundaries, changing strategic and operational business objectives, and the complexity of most organizations, the need to get on the same page by clearly assessing and quantiyfing risk is a requirement.
If you're like most of our clients, you conduct risk assessments on a fairly regular basis and you're liable to enage outside advisors to assist in that effort.
SAI Global's Advisory Services team provides comprehensive compliance, ethics and risk-specific assessments which can be coordinated with any of our Code Services, as required.
Assessing the Organization's Risks
Our team will capture knowledge of your current and emerging risks and will help you:
- identify critical risk areas and control gaps, including the impact of organizational culture
- collate risk assessment results and provide a clear view of your risk profile
- validate the risk profile within your organization
- develop a systematic plan remediating and enhancing control structures and processes and positively influencing your culture
- identify training and communications needs and opportunities
- raise risk awareness and promote a culture of integrity
In addition, we incorporate a contemporaneous organizational culture survey into our risk assessment, which focuses specifically on the inherent risks in the prevailing organizational culture (and subcultures). Not only will this enable you to perform the kind of risk assessment required by the Federal Sentencing Guidelines (FSG) for Organizations and numerous other provisions around the world, it will assist your senior management and board of directors to meet that other important new requirement to promote a culture which encourages ethical conduct and a commitment to compliance with the law.
Read the bios of our Advisory Services team, or ask us about developing a program that's just right for you.
