Risk Advisory
Introduction
Running a business in highly competitive times like these is full of challenges, both from internal factors and external factors.
Companies face many different types of risks – they may either cause permanent damage to the business operations, affect few processes and controls, or may destroy the company. Instead of exposing their businesses to risks that may cost billions of money in losses, companies must change the way they view risks. Moreover, companies can work to identify the risks and prepare for their impact so that business can be conducted smoothly. We, at BEETAONE FINTAX LLP, provide the risk advisory services to our clients to help them identify, assess, prevent, transfer, and manage risks associated with their business.
Efficient and effective risk management is a prerequisite for running a business in a global economy with prospective exposure to multiple risks. It is an essential requirement to avoid creating any negative image in the minds of the stakeholders or the community at large.
As a part of our risk consulting services, we manage the entire process of risk management for you so that you can carry out your business operations with the utmost confidence. Our team of experts reviews your processes and systems to identify the areas of improvement and find the right solutions for you. Our rich industry experience in risk consulting enables us to take a customized, proactive approach to your risk exposure and risk management so that the company’s reputation is maintained and business objectives are met.
Beetaone Fintax LLP
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As an eminent CA firm in Guntur, we always focus on giving our clients the best in class services that reflect our values and vision of transparency, flawless, and professional work. Check out our website to understand and know more about our services and firm.
Risk Advisory Services
Our risk consulting and advisory services include the following:
- Study of the business operations to identify risks and formulation of enterprise risk management (ERM) strategy
- Developing guidelines for the stakeholders to comply with the risk management policy
- Updating the risk management policy depending on change in economic conditions and industry factors
- Conducting training for various departments for effective implementation of the policy by explaining general and function-specific operating procedures
- Developing parameters of measurement for the company so that both risk exposure and risk management can be measured properly
- Reviewing the processes and operations of the company to check for any more risk exposure
- Corporate governance consulting services
- Fraud investigation and Forensic accounting services
- Assessment of the identified risks, risk prioritization, establishing preventive controls, formulation of risk transfer strategies
- Sharing the guidelines with everyone involved in various functions of the business operations
- Auditing of the internal functions and processes to check for risk exposure
- Handholding the companies during the execution process to avoid major pitfalls
- Measuring the effectiveness of risk management factors and making improvements, if and when required
- Measuring the impact of implementing the risk management system in the company to find the return on investment
- Consulting services on internal controls framework
- Anti-money laundering (AML) services
- Formulation of a risk management policy
- Defining the risk appetite for each function and the process to comply with the guidelines with several checkpoints for compliance
- Implementing the risk management policy across the company’s functions and departments
- Assistance in setting the key requirements for a robust risk management system for the company
- Creating standard monitoring and control procedures to check if the company is complying with the risk policy and obtaining benefits from the risk management system
- Regulatory compliance services
- Internal audit services and Information systems audit services
- Consulting at every step of governance and due diligence
Key Differentiators
BEETAONE FINTAX LLP has an expert team of risk specialists and committed professionals who dedicatedly work towards providing consistent, prompt, and effective risk advisory services in consultation with the senior members of the client company.
We have a reputed team of experts with strengths in various types of functions such as background aptitude specialists, field experts, process consultants, lawyers, cybersecurity specialists, enforcements experts, and accountants to deliver customized risk consulting services to dynamic businesses.
Our risk advisors work in tandem with the client companies to identify the risks relevant to each process and as a whole to the company and give recommendations for systems and internal controls that are easily implementable and value-generating for the businesses.
Our risk consulting services experts have a deep understanding of all types of businesses from different industry sectors, which give us an edge over others in terms of identification of risks, assessment, and development and designing of compliance programs for risk management.
Our strong base of knowledgeable and experienced risk consultants provide the required forward-thinking insights to understand the risks affecting businesses and provide robust solutions to mitigate all the potential risk factors as a part of our risk advisory services.
frequently asked questions(faqs)
What is risk advisory?
Risk advisory services are defined as the process of helping the companies to identify risks that it faces and minimize them.
What are the common risks that organizations face?
Organizations face different risks such as operational risks, strategic risks, economic risks, regulatory risks, cyber risks, financial risks, legal risks, IT risks, and reputation risks.
What is risk management?
Risk management means the process of identifying all the risks that businesses face, assessing these risks, and taking steps to avoid the risks, reduce its impact, or handle its impact. A risk management plan enables organizations to save time, money, assets, people, and other resources.
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