|
![]()
|
|
INFORMATION TECHNOLOGY AUDITING AND RISK CONSULTING SERVICES
As regulatory oversight proliferates and public and shareholder scrutiny intensifies, the task of enterprise risk management has become increasingly complex. Many leaders of small to mid-sized businesses face the same problem: even if they knew exactly what to do to better manage risk, they lack the resources and people to get it done. Our consultants have extensive experience working with insurance companies, banks, public companies, private companies and non-profit companies.
When your compliance and risk management needs outpace your internal capabilities, InTech can bridge the gap by providing people and know-how to help you identify, monitor and control risks. We can help you to:
Enhance Corporate Governance
A strong Corporate Governance framework will help your organization reduce risks, identify gaps and take measures to close them to deliver improved corporate performance. It is critical for senior management to set the “tone at the top” and demonstrates the commitment of the organization. The rating agencies, such as Fitch, are evaluating Corporate Governance based upon Board independence and effectiveness, the integrity of the audit process and performance based management compensation. By implementing solutions to strengthen overall corporate governance procedures, you will be able to retain talented employees of the company at all levels and reduce your cost of capital to achieve the greatest value to your stakeholders.
Ensure Regulatory Compliance
The key to regulatory compliance is knowledge and tools. Our risk management consultants are impressively knowledgeable and have decades of personal experience managing compliance issues. We can also provide an extraordinary software tools that can assist in the constant monitoring of risk indicators.
Create formal Enterprise Risk Management processes
A sound risk management process provides early warning so you can act to avoid potential risk. We utilize the COBIT Internal Control-Integrated Framework. Our process involves four primary tasks:
Conduct a risk management audit - Our team of experienced Information Technology consultants thoroughly analyzes your organization's risk structure. We identify potential risks to generate a clear and thorough understanding of a product or service and its legal, financial, fiscal and operational implications.
|
 |
|
Develop a risk management concept and Key Risk Indicators - After identifying your potential risks, we develop a risk management concept tailored to your organization's needs, identify Key Risk Indicators and set up control procedures.
Implement a risk management structure - Our executive team implements the risk management structure in your organization and works side by side with you toward its effective completion. We continue to support you through the initial restructuring and assist you in ironing out any transitional issues that may arise.
Train risk management "champions" - Finally, after ensuring that you are completely satisfied with you risk management structure, we train your managers to be risk management experts and help to set up clearly defined cascading requirements to avoid overload.
Perform Internal Audit Services
Internal Audit’s function is to be a proactive and constructive service to management independently reviewing operations and evaluating the effectiveness of controls. Internal audit has become a “continuous process”. Our services run the full spectrum of either helping Internal Audit Directors assemble specific skills by working with INTECH consultants to meet the requirements of their internal audit plan or outsourcing the company’s internal audit function to InTech to utilize our internal audit methodology completely or in conjunction with your existing methodology as the framework to build, execute and track a risk based internal audit plan.
Manage Technology Risks
Technology is imbedded in every organization and requires proper risk controls to retain and manage company information. Sound IT governance practices will help you to do a better job of maximizing the return on your technology investments.
|