As an element of sound organizational governance, risk management focuses on how organizations can successfully achieve strategic business objectives and effectively function with an optimal level of risk taking. Companies should be equipped to address risks at all levels of the organization in a balanced manner, weighing both opportunities and threats as management deploys resources to achieve enterprise goals.
Bennett Thrasher’s Risk Advisory Services team can assist you in better understanding the risks that are relevant to your company and help develop strategies to respond to these risks in ways that promote enterprise-wide success. You can trust our experienced team to help you navigate the complex issues facing your business, including industry-specific challenges and applicable regulations. We can assist you in developing an approach to guide sound execution of strategy, efficient functioning of operations and effective application of technology.
Bennett Thrasher’s service offerings provided by our Risk Advisory Services team include:
- IT and Business Risk Consulting – We offer you support in designing or evaluating internal controls based on the results of a risk-based evaluation of the entire organization, technology or a specific business function. Further, we also provide you with other process improvement recommendations during the review process.
- Internal Audit – Bennett Thrasher can support you as a fully outsourced or co-sourced internal audit function. Our approach to internal audit seeks to add value to and improve the effectiveness of your operations, including risk management, control and governance processes.
- System and Organization Controls (SOC) Reports – SOC reports are independent auditor’s reports on the design and operating effectiveness of internal controls at your organization. Depending on your needs, you may elect to undergo a SOC 1, SOC 2 or SOC 3 examination to obtain a report that demonstrates the integrity of your business operations and technology environment.
Bennett Thrasher offers experienced resources to assist you in each engagement. Our multi-faceted Risk Advisory Services team members have proven experience in risk assessments, internal control and operational efficiency. We draw on our collective expertise as business advisors, consultants and auditors, as well as past members of management of public and private companies, to provide you with insightful advice rooted in experience. Our deep capabilities allow us to provide you with assurance and advisory expertise specific to the objectives of your engagement across all aspects of business processes and IT.
To discuss ways in which Bennett Thrasher can assist you in evaluating and responding to potential risks relevant to your company or help you achieve your strategic business objectives, contact Mike Hostinsky or Ray Lee by calling 770.396.2200.