RISK ADVISORY

RISK ADVISORY

Doing business in today's environment has become much complex and which when flows across the globe has made it possible to have element of financial, transactional and business risk. In practical scenario, risk is inherent that cannot be eliminated but can be identified and mitigated by building up appropriate and adequate control procedures. VENICECO not only support their clients in identifying and mitigating these risks, but also assist in implementing a proactive control procedure of preventing the risk and if occurred, its timely detection and correction.

Our process of risk management involves stages such as Risk identification, Risk Analysis, Risk Planning, and Risk Monitoring. It deals with identifying the undesirable event that may occur, likelihood of their occurrence and the potential loss it may cause. Strategies are devised to reduce the possible impact of the risk on the business as low as possible.
Our service towards Risk Advisory includes

  • Business Analysis and application of fundamental risk management principles
  • Identifying and prioritizing immediate and potential future risks, and provides advice to address them proactively
  • Guidance for implementing industry leading practices related governance, risk and compliance
  • Implementing latest tools and technologies to protect and value to the business
  • System process study and recommendation for improvement (ERP)
  • IT implementation review and suggestions for improvement
  • Fraud risk assessment and mitigation procedures
  • Internal Control Assessment and improvement
 
     
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