Risk Assurance

Simply put, risk assurance involves identifying, understanding and managing risk and discovering where those risk mitigation strategies can be converted into business opportunities.

 

Turning risk into opportunity

It's a matter of perspective. While many companies consider the process of risk management unpleasant and cumbersome, others perceive taking some amount of calculated risk as an opportunity to gain a competitive advantage. But in a time when the velocity of change is increasing your risks, those capable of turning risk into opportunity are far more likely to survive and thrive.

The business environment is rife with risk, from disruptive events and technological advancements to regulation and financial concerns such as fraud and waste. The challenge lies in staying ahead of those risks and preparing accordingly. With the proper procedures and systems in place, you can identify threats, avoid surprises and manage risk effectively—to not only survive in disruption but thrive.

 

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Are we all on a quest for trusted performance?

Now more than ever, meeting greater board oversight expectations and providing transparency to internal and external stakeholders is essential. Your business must be one that customers, partners and investors can trust.

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“In today's rapidly changing marketplace, risk avoidance is not an option.  However, significant opportunity exists to turn your risks and risk mitigation activities into strategic business benefit. Our team of risk professionals helps clients unlock those opportunities.”

                                                                          Jennifer Johnson, Risk Assurance Leader at PwC Canada

 

 

Manage increasing risks, top down

Canadian CEOs recognize that risks to business are increasing

Today risks aren’t only financial. Canadian CEOs overwhelmingly recognize this. We’re finding that leaders are truly trying to understand these risks that come not only from within their organization but also from the broader landscape and third party business associates. But they’re often dealing with these risks from the bottom up and not tying them to business objectives.

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Contact us

Jennifer Johnson

Partner and National Leader, Risk Assurance Services, Toronto

#Risk