Governance, risk & control assurance
Good governance, pro-active risk management and effective internal controls are more important than ever for businesses. Part of the reason for this is greater regulatory scrutiny and new legislation. In addition, increasing operational complexity, greater market activity and consolidation, and enhanced shareholder expectations mean there are also considerable commercial benefits to robust governance, risk management and internal controls.
Our team of experts has a track record of delivering governance, risk and control assurance services that add value to our clients’ businesses.
We have in-depth knowledge of the key risks and challenges facing businesses, particularly in the insurance sector. Our trusted team offers a full range of services, such as reviews of governance framework and board effectiveness, internal audit, compliance monitoring support, IT assurance – including cyber security and data protection – SOX compliance and also internal control assurance and reports for service providers.
Our flexible approach allows us to not only recognise the different needs of our clients but to work with you to create a solution that meets your requirements from both a commercial and regulatory perspective.
We work closely with heads of both second- and third-line functions, and board members, to provide services in several different ways. This includes:
Outsourcing – We will act as your in-house team, reporting to the chair of the governance/audit committee.
Co-sourcing – If you have an established in-house team, we will work alongside them to give you additional resources or specific expertise to review large or complex projects, or to supplement your in-house team at peak times.
Secondments – We provide experienced staff to work as an integral part of your in-house team.
Consulting – We provide a range of consulting services, such as advising heads of internal audit on best practice.
Training – We provide training on regulatory priorities or topical subjects, highlighting best practice approaches to governance, risk management and internal audit.