What do we offer?
Make sure your risk management system is effective and optimal, aligned with your organization’s strategy and international standards. We will conduct a professional audit to assess procedures and security levels in terms of risks, incidents, and management practices.
We will prepare a comprehensive report with findings and recommendations on what can be improved or corrected. The provided recommendations will be tailored to the specifics of your organization, market realities, and legal regulations. Thanks to our audit, you will raise your risk management standards and improve tools to prevent and eliminate risks that may affect your organization’s reputation.
Leverage our experience and enhance your risk management practices.
How do we work?
1. Preparation for the audit
We will define the objectives of the risk management audit, establish audit criteria to assess compliance, and determine the audit procedures to ensure a smooth flow of documents and information. We will also identify auditing tools tailored to the needs and nature of your organization—these may include audit interviews, checklists, document analysis, or tests. We will establish a project timeline to minimize disruption to your daily operations and designate an audit team that will collaborate with your staff.
2. Execution of the risk management audit
During the opening meeting, we will present the audit team, their roles, the audit objectives, and the communication model. We will review the current documentation and conduct the audit using the established tools, such as collecting interviews or conducting checklists. We will analyze the data collected and, based on the results, prepare the audit findings. In the closing meeting, we will present the findings, recommendations, and corrective actions related to the risk management strategy.
3. Audit report
We will prepare and deliver a complete audit report. Importantly, we want the audit process and its findings to be clear and understandable for you and your employees, which is why we prioritize using accessible language. The provided documentation will be written in an easy-to-understand manner and kept concise. We believe that practical application of recommendations and improvement of the system is more important than generating documents – and this will be our focus.
4. Post-audit support
We want to be your partner, providing you with expertise and support at every stage of implementing and improving risk management. Our role doesn’t end with the delivery of the documentation and conclusions from the audit. If any discrepancies in procedures or the risk management system are identified, we will assist you in implementing the corrective actions outlined in the post-audit report. You can rely on our availability even after the project ends—we offer periodic audits and documentation reviews.
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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 serviceRisk management based on COSO II
Learn about the scope of the serviceRisk management methodology
Learn about the scope of the serviceRisk management based on ISO 31000
Learn about the scope of the serviceISO 37001 Implementation Anti-Bribery
Learn about the scope of the serviceRisk management in ESG
Learn about the scope of the serviceCompliance with the Whistleblower Directive
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 serviceSupply chain risk management
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
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What is a risk management audit?
Businesses and organizations are constantly exposed to risks that can affect not only the continuity of their operations, service availability, but also their reputation and weaken their competitive edge. Therefore, it’s important to have a risk management system in place to be prepared for crisis situations. Through an audit, you will ensure that the existing procedures related to risk management are practical, correct, and provide effective tools and operational capabilities to address risks, no matter where they come from.
What are the benefits of a risk management audit?
The audit aims to help your organization achieve its goals through a methodical approach to assessing and improving the effectiveness of risk management processes, controls, and organizational management. Through the audit, you gain expert advice and access to methodology that ensures your organization is up to date with best practices in risk management. You will learn about the risks your organization is exposed to (we provide a risk register) and how to manage and mitigate risks that could threaten your market existence. Based on the recommendations from the audit, you will be able to improve your risk management system to make it even more effective, which, among other things, relates to making rational decisions in uncertain situations.
How much does a risk management audit cost?
The cost of conducting a risk management audit depends on factors such as the size of the organization, its industry and the nature of its activities, as well as the complexity of the processes involved. Each project is priced individually based on the agreed schedule and scope of work.
How long does a risk management audit take?
The duration of the service depends – just like its cost – on the size of the organization and the scale of the project. In general, the audit takes several weeks. It is preceded by appropriate preparations, such as organizational meetings, methodology, and procedural arrangements. Finally, the audit findings are presented in a closing meeting.
How to maintain impartiality in a risk management audit?
Risk management audits are subject to high standards, including the requirement for impartiality and objectivity. To ensure this, it is important to engage an experienced audit team with the necessary skills and approach to conduct the audit professionally and without disrupting the organization’s operations. The goal of the audit is to identify non-compliance, so auditors should focus on known areas, excluding emotions from their work. It is essential to remember that an audit is not a control mechanism, but rather a tool to support the organization in its self-improvement process. Although risk management audits can be performed by internal teams, it is beneficial to use external specialists who can provide a fresh perspective, identifying areas that may have been overlooked in the system and which can affect the organization’s ability to react quickly and effectively to incidents and crises.