You have seen it before. A respected company suffers financial losses and public embarrassment when problems with governance, compliance, controls or other key issues suddenly come to light. And executives, board members and shareholders are left with a troubling question: What went wrong?
The fact is, many organisations falter - or even fail – due to undetected shortcomings in the way they manage risk. Directors and management are attempting to deal with today's more numerous and vastly more complex risks using disparate processes developed over time as needs arose.
Today's complicated and faster-paced business environment demands a more comprehensive approach to risk management - one that enables people at every level of the organisation to:
The solution? Enterprise Risk Management (ERM)
ERM is a structured and disciplined approach, applied throughout an enterprise, which is designed to identify and assess risks that may affect the entity, and to manage the risks to be within the entity's risk appetite, to provide reasonable assurance that the entity's objectives will be achieved.
ERM integrates risk management into activities at all levels of an organisation, from enterprise-level activities such as the strategy setting process, to business unit activities and business processes.
PwC‘s ERM service offers a powerful new solution that can build your organisation's value by enhancing your capability to:
With help from our ERM team, your organisation will acquire enhanced capabilities for identifying, assessing, measuring, managing, monitoring and reporting risk.
To enable you to achieve these capabilities, we can work with you to:
PwC has the largest and most widely recognised consultancy for ERM both in Thailand and the rest of the world.