Enterprise Risk Management & Internal Audit

BDO Consulting’s Enterprise Risk Management professionals are focused on producing value from an organization’s investment in risk management. Our practical and targeted approach to risk management includes strategic alignment, cost containment, operational efficiency, risk mitigation and compliance. We assist clients by analyzing their existing infrastructure to identify areas in which incorporating risk management functions can benefit our clients’ business.

Our Enterprise Risk Management Consulting Services

  • Corporate governance assessment and design
  • Enterprise risk assessment
  • Internal audit start-up and transformation
  • IPO readiness and acquisition integration
  • Outsourcing and co-sourcing internal audit
  • Risk management maturity and performance
  • Strategic risk management design and implementation

Corporate Governance Assessment and Design

Organizations face a variety of corporate governance concerns as well as intense internal and external scrutiny. A strong ethical foundation is required to support an appropriate culture of corporate governance. Our professionals assist clients by conducting corporate governance assessments and by providing design and implementation services. We help our clients develop policies and procedures, monitoring structures, and educational and oversight programs to support proper corporate governance. Our professionals also assist clients in developing strategic organizational frameworks that can help an organization conduct self-assessments of its existing corporate governance practices.

Enterprise Risk Assessment

The key to effectively protecting and growing returns for an organization’s shareholders is to identify and manage the risks that could prevent the organization from achieving its business objectives. Our professionals help organizations by conducting an enterprise risk assessment with a comprehensive and efficient approach to exposing inherent risks common in a particular industry and linking those risks to an organization’s objectives, initiatives and business processes.

Internal Audit Start-Up & Transformation

BDO Consulting assists clients in implementing or enhancing their internal audit function. As a division of a national accounting firm, our experienced professionals have a wealth of auditing experience and knowledge; we provide our clients with an independent appraisal of their present functions to help transform the existing internal audit function into a more proactive and risk-based operation.

IPO Readiness and Acquisition Integration

Our seasoned professionals assist organizations prepare to become public or listed entities and pursuant to reverse mergers. We help clients by providing operational, risk management, governance and compliance services. Our professionals also support clients through the transitions associated with acquiring a new company by streamlining systems and processes with a focus on risk functions.

Outsourcing & Co-Sourcing Internal Audit

Today, many organizations are often concerned that their existing internal audit functions cannot keep pace with the changing risks facing their businesses. Others have difficultly recruiting and retaining audit professionals with specific expertise. BDO Consulting’s professionals help clients leverage leading best practices—as well as our own advanced methodologies and technology—to develop a highly adept internal audit function with a focus on risk mitigation.

Risk Management Maturity and Performance

Enhancing risk management begins by evaluating the current state of the alignment of key risks to specific management functions and competencies within an organization. Our experienced risk advisory professionals conduct reviews of risk management activities and review the foundational components required to align and coordinate risk management across an organization. Maturity models, risk monitoring tools and benchmarks of leading practices are used to help management determine the current state of risk management competencies and define the desired target state.

Strategic Risk Management Design and Implementation

Risk management is a competency that should be deeply embedded in an organization. Our professionals assist clients in designing and implementing comprehensive and practical risk management processes. These processes often include the development of a risk management platform that not only mitigates risk, but also supports growth and efficiency.