Risk And Controls Evaluation
RISK ADVISORY
Risk And Controls Evaluation
A well-designed Risk and Control Evaluation Matrix provides a structured approach to identify, assess, and manage risks while ensuring the adequacy and effectiveness of internal controls.
Our Services Include:
- Mapping and categorization of risks across business processes.
- Evaluation of control design and operational effectiveness.
- Identification of gaps and residual risks.
- Development of tailored recommendations for risk mitigation
Methodology:
- Risk Identification: Collect risks through workshops, stakeholder interviews, and data analysis.
- Control Mapping: Align identified risks with existing controls, ensuring full coverage.
- Evaluation: Assess control design and test operational effectiveness using sampling or walkthroughs.
- Residual Risk Analysis: Determine residual risks post-control application and recommend enhancements.
By systematically evaluating risks and controls, we provide actionable insights to strengthen your organization’s governance framework.
