Services > Governance, Risk & Compliance (GRC) > Governance Risk Compliance (GRC)

Governance, Risk & Compliance (GRC)


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Enterprise Risk Management

Enterprise Risk Management (ERM) provides a framework for risk management. It enables an organisation to manage business risks in the process of achieving its strategic objectives. ERM involves the identification of risk events, assessing the likelihood and impact of the event, putting in place mitigating controls and monitoring these activities so as to provide management and board with timely information for decision making.

ERM Implementation

At Boardroom, our professionals understand your risk management requirements and will tailor our approach to suit your business needs. We recognise that you may be at different phases of risk management implementation which can be generally categorised into 3 phases as follows:

governance risk and compliance

Boardroom has developed a pragmatic ten-step approach that ensures ERM is systematically implemented regardless of the phase of ERM development you are currently at. At each of these phases, we will focus on your business requirements and our pool of professionals who bring with them the right level of technical expertise, professional skills, and industry experience, will work with you to have ERM effectively developed in your organisation.

Internal Audit

Internal auditing is an objective and independent assurance activity designed to add value to an organisation with a systematic and disciplined approach of evaluating the effectiveness and efficiency of its governance processes and related internal control systems.

Our experienced professionals can help you with identification of compliance matters, internal control issues, potential for effectiveness and efficiency in controls among others to help you enhance your company’s operations and maximise your business potential.

At Boardroom, we offer the following services for Internal Audit:

  • Assess the effectiveness of internal controls over financial reporting.
  • Review the design of internal controls in key business process in the context of overall operating effectiveness and efficiency.
  • Review compliance by organisations with relevant regulatory requirements and operational guidelines.
  • Identify opportunities for internal control system changes in the light of cost rationalisation and process efficiency.
  • Make recommendations for organisations to have the adequate governance including the appropriate levels of internal controls to improve business performance.

 

 


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