Digitalisation, globalisation, regulation and data protection: These words are all associated with opportunities, challenges and risks for organisations. Beyond assessing compliance with IIA standards or the International Professional Practices Framework (IPPF), effective risk management enables your company to detect risks at an early stage and empowers you to seize opportunities as they arise. Choose BDO to support your individual projects or your organisation overall.
Risk management framework
A risk management framework tailored to your company or project can make an important difference in preventing and managing risks. We can help you develop and implement or improve a framework that considers all relevant aspects for your organisation and we work with you to identify, assess and define appropriate risk mitigation and response procedures, incident response strategies and early warning mechanisms.
Source: International BDO Risk Management Methodology - Risk Management Framework
Business continuity management (BCM)
Risks can never be fully eliminated. Developing a business continuity plan is a vital step in avoiding major damage or serious loss.
We can support you in establishing or assessing your strategies, plans and actions to safeguard business continuity. We can help you working through future scenarios and alternative business processes to prevent interruption to your organisation's operations.
Would you like to discover more about risk identification, risk assessment and ways to develop appropriate risk mitigation and response strategies? Book an interactive risk workshop tailored to your needs. We will guide the discussions to help you scrutinise the topic and develop a better understanding of business processes.
Working with third parties inevitably exposes you to risks. When outsourcing any aspect of your business, it is important to consider contract risks and appropriate performance management. We help you identify, mitigate and manage your risks by:
- Supporting you with the tender evaluation
- Performing background checks and screening of your partners
- Providing independent assurance on your partners’ internal control systems
- Assessing specific contractual risks
- Supporting you with contract and program management
- Conducting performance audits