Audit and Risk Survey
The complex system of laws, orders, and regulatory procedures brings heavy responsibility on the shoulders of business and company managers.
Regulatory and compliance risk –is defines as risk of damage to your company due to lack of external regulatory compliance by relevant authorities in the company. The risk also refers to potential lack of compliance with internal rules and regulations. The most sensitive time regarding these risks arises when the laws and regulations have changed, providing a threat to a company’s ability to remain competitive and efficient in their management.
In order correctly to manage and reduce these regulatory and compliance risks, our company proposes performing an audit and risk survey. The process includes:
- Mapping of the financial regulation relevant to the company/business
- Analyzing the company’s activity and identifying disparities regarding regulatory obligations
Forming a plan to reduce these disparities in the company/business - Our firm provides a guided structure that is based on proficiency in regulatory changes and updates, and expertise in operative processes in financial organizations.