ALM Vanguard Recognizes PwC’s Risk Assurance and Advisory as Best in Class
PwC was announced as a Leader in Strategic Risk Management Consulting by ALM Vanguard, a company that assesses consulting firms in defined markets on the basis of their breadth and depth of service capabilities and ability to deploy those across highly-complex client requirements.
Board agendas continue to be influenced by financial, operational, and societal risks that impact business decisions. According to the report, “leading consulting firms go beyond offering expert advice to supporting clients through multi-disciplinary and sustained initiatives focused on upgrading the people, process, and tools that collectively activate risk management at both the strategic and operational levels.”
“We welcome this award,” said Jason Pett, PwC US Risk Assurance leader. “We invest in our understanding of emerging policies and risk events, and advise our clients on how they should engage as those policies evolve through the legislative and regulatory process. In addition, through the foundation of the Risk and Reg platform, we assist our clients across all three lines of defense to ensure that they effectively comply with applicable tax and regulatory requirements, test and monitor for compliance and control, and help remediate any identified deficiencies.”
Naima Hoque Essing, author of the ALM Vanguard report, describes PwC’s operation as one integrated firm that is “able to draw on the depth and breadth of its global resources in offering a holistic and multi-disciplinary perspective to address the full range of needs across the client’s hierarchy. At the top, it starts with an understanding of external trends in legislation, regulation and public policy, then proceeds to drive execution down through the client organization as it impacts strategy, operations and risk management.”
“Our platforms and integrated solutions allow PwC to harness the power of the whole firm to address the risks that have the most strategic importance to business performance today. PwC's risk capabilities empower strategic risk thinking to help our clients better understand the policy, regulatory and risk environments, enabling them to innovate their businesses, confidently grow and improve profitability. This is particularly important in times of uncertainty in trade policy, regulation and the risks created by the rapid advancement of emerging technologies,” said David Sapin, PwC US Risk & Regulatory Consulting leader.
Essing further notes, “PwC Risk Assurance and Advisory services seeks to enhance value from client risk management programs by embedding accountability for risk deep into front-line decision making while simultaneously elevating awareness of risk by key decision makers in pursuing strategic objectives. PwC works with clients to fine tune risk appetite measures to increase their relevance and application, drive ownership and accountability, and enhance confidence and clarity in taking risk to deliver real value at all levels of the organization.”
The report further states that PwC is best-in class at “help[ing] clients proactively translate the impact of changing policy and regulatory expectations on their strategy and operations and develop innovative and cost-effective strategies and solutions to operationalize the need for stronger supervisory controls around emerging risk areas such as data privacy. PwC helps improve the “digital fitness” of risk management by working within the client’s risk management functions to systematically co-create new technology-enabled control structures, processes and tools that enable it to broaden the scale and scope of its oversight abilities and to deliver data-driven intelligence to multiple stakeholders.”
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