RISK MANAGEMENT
Developing a robust internal control framework is essential for ensuring the efficiency and effectiveness of your business, particularly during periods of rapid expansion and growth. As per the Listing Rule, a listed company is required to conduct an annual assessment of the effectiveness of its internal control system and communicate the findings to shareholders through the Corporate Governance Report. Our team collaborates with audit executives, management teams, and audit committees across companies of all sizes, whether public or private, providing support and guidance in carrying out internal audit activities.
Risk Management Consultants
Enterprise risk management (“ERM”) is defined by the Committee of Sponsoring Organizations of the Treadway Commission (“COSO”) as a process designed to:
- Identify potential events that may affect the organization
- Manage risk within the organization’s risk appetite
- Provide reasonable assurance regarding the achievement of the organization’s objectives
As a consultant of the Company, we could:
- Provide aid to the company to build up their risk management system
- Provide training to the Risk Committee to help them understand and use the COSO ERM Framework
- Facilitate the Company in the formulation of risk response
As a consultant with safeguards, we would help to:
- Facilitate the identification and evaluation of risks
- Coach management in responding to risk
- Champion the establishment of ERM
- Facilitate the Company in developing the ERM framework
- Facilitate the Company to develop a risk management strategy for board approval
Risk Management Evaluator
As an evaluator of risk management, we could help the company to:
- Evaluate risk management based on the COSO ERM framework
- Evaluate the effectiveness of the Internal
- Environment component, as defined by the COSO ERM framework
- Evaluate the effectiveness of the risk management process, taking into consideration the Objective Setting, Event Identification, Risk Assessment and Risk Response components of the COSO ERM framework
- Evaluate the effectiveness of control policies and procedures related to specific risk responses, as explained by the Control Activities component
- Evaluate the quality and reliability of the information and communication supporting the Company’s selected risk responses
- Evaluate the effectiveness of monitoring, as defined by the Monitoring Component of the COSO ERM framework
INTERNAL CONTROL
The Committee of Sponsoring Organizations of the Treadway Commission (COSO) defines that internal control is a process effected by an entity's board of directors, management and other personnel, designed to provide reasonable assurance regarding the achievement of objectives in the following categories:
- Effectiveness and efficiency of operations
- Reliability of financial reporting
- Compliance with applicable laws and regulations
We aim to assist enterprises to achieve a specific goal or purpose.
Effective internal control system means that the enterprise can prepare reliable financial reports and generally comply with the laws and regulations applicable to the companies.
Our services includes:
- Pre-IPO health check
- IPO internal control review (PN21/PN2)
- Post-listing internal control review
- Resumption internal control review
- Compliance internal control review as required by regulators
- Internal audit outsourcing
- Policy and procedures write-up
