Managing risk effectively
Risk Assurance
Making risk work for your business and how to stay in control
Today's business environment is different. More complex. More connected. Companies face new and unknown risks, but also new and untapped opportunities. Risk Assurance covers a wide variety of topics, all centered around understanding, managing and monitoring exposure to risk to drive enhanced business performance.
It is at the forefront of this change, ready to transform how you perceive - and capitalise on - risk. Don’t be afraid to take bold decisions - but make them knowing the risks with an informed view on how you will respond to them and what impact they might have.
Internal audit
In an expanding risk landscape Internal Audit has emerged as a critical lever for change. Now, more than ever, it needs to rise to the challenge and demonstrate its value. We are driving Internal Audit innovation merging the skills of our people with a robust, leading edge Internal Audit approach and state-of-the-art technology. The result is The PwC Internal Audit. Relevant, aligned and agile, it delivers insight and quality in equal measure and to the highest standard, helping you build the confidence to move faster and act decisively.
Third party assurance
Today’s organisations operate in a highly demanding, interconnected world. Increasing levels of outsourcing, lengthy supply chains and complex operations together with an increasing demand for ever more varied non-financial information to be presented to clients, customers and regulators all serve to create myriad risks. As the need to do the right things – and to be seen to be doing it – becomes a business imperative to survive and thrive, all organisations need to ensure that they take a proactive approach to understanding, managing and presenting their business to secure their reputation and maintain trust more effectively.
Cyber risk
The pace of technology growth we have experienced in even the last decade has been staggering. This has created a whole host of new opportunities and improvements to our home and work lives - but has also raised some new threats which didn't exist or weren't as prevalent in the past. Did you think 20 years ago you were going to have your computer data held to ransom by an unknown attacker? Understanding your cyber risk profile in this new Digital era is something which can be very costly - financially, operationally, and reputationally - if left to its own devices. Taking control of this risk means understanding it and setting your risk appetite - which risks can you live with, and which can't you?
Find out more about how we can help with cyber risk and response
Data
The pace of technology growth we have experienced in even the last decade has been staggering. This has created a whole host of new opportunities and improvements to our home and work lives - and the explosion of data is revolutionising businesses. Organisations of every type are now expecting their business decisions to be based upon robust data analytics to support intuition and experience. Data-led insight can add business value to every part of the value chain and every area of business decision-making. However, diving in without knowing what you are dealing with is a recipe for disaster. How do you ensure your processes are adequate and you get the best value from your investments?
Find out more about how we can help with data assuranceHow can we help?
Our Risk Assurance team can support you by:
- Supporting your internal audit (IA) function by:
- developing your internal audit methodology
- completing internal audit assignments
- reviewing internal audit assignments
- providing additional resource in times of need
- developing your internal audit methodology
- Understanding and assessing your exposure to third party risks
- Performing third party assurance reporting on controls (such as ISAE 3402, SOC2 and ISO)
- Supporting you in setting up or reviewing your enterprise risk management function.
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