Audit, Risk & Compliance

A real alternative – a different approach and way of thinking.

Audit, Risk & Compliance

We focus on the impact on performance.

Our practical suggestions are aimed at strengthening the business, not just looking at process.

We bring something different.  Our fully independent evaluations combine many years of experience in audit, risk & compliance with a “board’s eye view” from our work with boards.

We focus on how audit, risk & compliance help the business.  Yes, it is about meeting standards and working in line with good practice – but that only works well if it’s helping the organisation perform.

We can work with you in several different ways: full external evaluation, facilitated review or self-assessment.

Our Thinking Board® online service covers the ground through in-depth questionnaires.  It draws on our models for looking at the effectiveness of:

Look at each section for an overview of the corresponding model – and how we would work with you.

  • Internal audit

    Is your Internal Audit really having the impact that’s needed?

    We provide an independent assessment of how Internal Audit is helping the organisation meet its objectives – and how far it is working in line with international standards and good practice.

    We can work with you through a full EQA based on document review, audit walk-throughs and interviews – often combined with questionnaires to across more stakeholders.

    Or we can use questionnaires to facilitate a self-assessment – or to help you do this yourself.

    We’ve conducted more than 60 Internal Audit EQAs – including for some 15 FTSE 100 companies.

    We are a real alternative to a review by the Big Four.

    Our Internal Audit Effectiveness model is built into Thinking Board® – our online governance self-assessment tool.

  • Risk Management

    Is your risk management really making a difference?

    We’ll take an independent look at your risk management – and look at it in a different way.  We’ll work with you by not just assessing the process.  We’ll also be finding out how far it is focused on the right things and truly having an impact.

    We can do a review based on document review and interviews – often combined with a questionnaire to look further into the business to see what’s actually happening on the ground.

    Or we can use questionnaires to facilitate a self-assessment – or to help you do this yourself.

    Our Risk Management Effectiveness model is built into Thinking Board® – our online governance self-assessment tool.

     

  • Compliance Function

    Do you know how Compliance can support the business better?

    Our review is about how Compliance adds value as it does what it has to do, not just about the process: assessing effectiveness means looking at how it works with the business, not just the technical delivery.

    We use expert questionnaires to facilitate a self-assessment – or to help you do it yourself.  Our Compliance Function Effectiveness model is built into Thinking Board® – our online governance self-assessment tool.

  • Risk Governance

    Is the Board’s work on risk time well spent?

    We’ll look at the work of the Board and the Audit (Risk) Committee to work out how far they are doing what they need to do in setting out how much risk to take, getting a picture of the risk profile and assessing how well risk management is working.    Many boards spend a lot of time on “risk” but many also are unsure that they are doing so in an impactful way.

    During our board reviews we look at this – but can also undertake a specific in-depth review.

    Also we use expert questionnaires to facilitate a self-assessment – or to help you do this yourself.  Our Risk Governance Effectiveness model is built into Thinking Board® – our online governance self-assessment tool.

  • External Audit

    Are you looking widely enough in assessing  your external audit?

    You need to think widely – and take a structured, probing approach that looks inside the audit.  It’s not just about plans and outputs but about what happens in practice.

    We will use our expert questionnaires to facilitate an independent review based on a self-assessment – or help you do this yourself.

    We can work with you through a full external assessment based on audit committee paper review and interviews – often combined with questionnaires to extend the reach to get more views from across the organisation.

    If you’re heading into a tender, our review can help you think through what you need to assess – and provide a baseline for evaluating how it’s delivered.

    Our External Audit Effectiveness model is built into Thinking Board® – our online governance self-assessment tool.

  • Risk Culture

    How can you be confident that behaviours support sound risk management?

    Manging risk is about how people are working in practice – not just about policies and codes.

    Our approach to an independent review of the risk culture is about looking at how people see their responsibilities, how they are treated – and how they see others being treated.

    We use expert questionnaires to facilitate a self-assessment – or to help you do this yourself.

    Our Risk Culture model is built into Thinking Board® – our online governance self-assessment tool.

Our Advisory Team

Helping you get it right

For us, good governance is about good performance.

Yes, compliance matters.  But our work is about helping you make sure your organisation…is led effectively by a board that adds value…is kept under control through risk management and assurance frameworks that meet your needs…and is “doing the right thing”.

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