Risk Assurance
Conducting reviews of your systems of governance, risk management, internal controls and value for money is important. Effective risk management can improve efficiency and result in significant time and cost savings. However, establishing, maintaining and reviewing these systems and procedures can be onerous.
We work closely with a wide range of public sector teams and agencies to deliver internal audit and risk management solutions that fit your strategy. Our specialists are experienced in identifying financial, operational and strategic risks and developing effective protocols to manage these.
We work with public sector clients to:
- establish the areas of risk in projects, systems and processes
- identify the controls in place to address these risks and review their adequacy
- check that relevant regulations, policies and protocols are being followed
- carry out detailed testing of the controls being relied upon
- make constructive recommendations where weaknesses or inefficiencies are observed
Furthermore, our public sector team works closely with several other specialist teams in Wilkins Kennedy to tackle additional common areas of risk such as IT, human resources and fraud.
Our service is structured to provide either a total risk management review or to enable a review of any one aspect of your organisation including:
- strategic risk assessment
- operational risk assessment
- financial risk assessment
- compliance (regulatory) risk assessment
- human resource risk assessment
