What do we offer?
We will provide your organization with risk management and efficient incident response through the implementation of internal controls in line with the COSO II standard. We guarantee full support in the implementation of a risk management system based on COSO II, ensuring transparency in operations and eliminating any irregularities and weaknesses within the organization. We offer comprehensive implementation support, including audit, analysis, documentation development, and management training. We will prepare an action plan for crisis situations, tailored to the specifics of the organization and existing procedures. We guarantee a practical approach, minimal bureaucracy, and a business-oriented mindset.
Take advantage of our experience and elevate your risk management capabilities.
How do we work?
1. Audit of the current situation
We will take a close look at your organization and its current situation. We will examine the company’s strategy, the structure of responsibilities, and the existing risk management procedures. We will assess how the organization has responded to crisis situations so far and whether the responses to risks were rationally justified.
2. Risk analysis
At this stage, it is important to define the so-called risk appetite and the methods for setting organizational goals. We will define the risk analysis methodology, assess the probability of potential threats, and prepare action plans for crisis situations. We will evaluate the existing risk mitigation mechanisms and identify critical points that could negatively impact your organization’s ability to achieve its set goals. The outcome of this stage will be a risk assessment report along with our recommendations.
3. Documentation
We will develop documentation that includes risk response methods, as well as policies and control procedures. Importantly, we minimize bureaucracy to the bare minimum. This means you will receive only the necessary and practical documents, in which concepts, principles, and terminology are clear, and the evaluation criteria and action plans are precisely defined.
4. Training
We will train the management team on the implemented risk management solution and crisis prevention. We will present guidelines for improving the risk management system and action plans related to internal controls, which will help you respond efficiently to unforeseen situations.
Let’s talk about your project! Fill out the form
What else do we offer?
We will help implement a complete Enterprise Risk Management System (ERM) or its individual components in your organization. Check out our offer for other services related to risk management.
Risk management methodology
Learn about the scope of the serviceComprehensive implementation of ERM
Learn about the scope of the serviceImplementation of Risk Management according to ISO 31000
Learn about the scope of the serviceISO 37001:2016 - Anti-bribery Management Systems
Learn about the scope of the serviceSupply chain risk management
Learn about the scope of the serviceCompliance with the Whistleblower Directive
Learn about the scope of the serviceRisk management audit
Learn about the scope of the serviceAutomation of risk management processes
Learn about the scope of the serviceAction plans
Learn about the scope of the serviceRisk register
Learn about the scope of the serviceRisk management training
Learn about the scope of the serviceRisk Management in ESG
Learn about the scope of the serviceCybersecurity Risk Management Framework
Learn about the scope of the serviceWhy us?
Knowledge and experience
Individual approach
Favorable conditions
We work as equals!
They trusted us
Learn more
What is COSO II?
COSO II is an acronym for the title of a publication released by the American private sector organization COSO (The Committee of Sponsoring Organizations of the Treadway Commission). The document “Enterprise Risk Management – Integrated Framework” was published in September 2004 and is available in Polish. It is currently the most popular risk management model, which transparently and simply explains the mechanisms of corporate risk management. It describes the principles and concepts that provide guidance for assessing and improving the effectiveness of risk management at all levels of the organization.
Who is COSO risk management for?
Risk management according to the COSO I and COSO II models is intended for all businesses, regardless of size or industry. COSO takes into account key principles that should be followed in any organization managing risk.
What benefits does the COSO II risk management standard provide?
By implementing the COSO II model, an organization gains a structured system of integrated risk management. Most importantly, it is a system tailored to the company’s strategy and specifics. Both the management board, executives, supervisory board, and the audit department are supported in decision-making through regular monitoring and assessment of the effectiveness of control activities within the company. As a result, the occurrence of unforeseen situations is limited to an appropriately low level, and opportunities are more frequently identified and leveraged.
How much does it cost to implement the COSO II model?
The cost of implementing the COSO II risk management model in a corporation depends on factors such as the size of the organization, the specifics of its operations, the market environment, and the complexity of the processes within the organization. We provide an individual estimate based on the scope of work and the schedule.
How long does it take to implement risk management according to the COSO II model?
The service includes an audit, analysis, training, and documentation. Each of these stages typically takes up to several weeks, but the overall duration of the service depends on the size of the organization and the specifics of the project. The work schedule will be adjusted to meet the expectations of your organization.