Corporate Risk Management Services
Commercial targets naturally involve various risks and these risks change in time. Sales, access to new markets, collection of revenues, access to financial resources, technology, cost reduction efforts, compliance to legislation, information technology risks, financial risks, operational risks and changes in accounting and auditing rules are just some of the uncertainties of today’s turbulent world.
The important thing is to take the necessary measures after determining the risk appetite of the company; Risk assessment, awareness and management, not taking undesired risks, taking measures against the risks within the frame of cost-benefit principle, performance-oriented work of human resources, risk monitoring and getting ready when they happen. Risk is not always a source of fear, it may be an opportunity when it’s managed efficiently.
In today’s global economy, positive and negative developments in a country can have their effects on other countries in a very short time due to speed of communication channels, interdependence of money/commodity/service/labor markets.
Company management should be informed about all the risks the company is up against and should develop policies and procedures intended for these within the frame of updated strategic plans, take measures and have a business continuity plan, either the risk management which is critical in corporate governance structure of the companies, works as a separate department or under the responsibility of different people in a disorganized structure.
We are organizing the risk map of your company by examining its corporate control and risks and report measures which may be taken against the risks and maintain the process with you.
Examination and Assessment of Risk of Misconduct and Fraud
Misconduct and fraud, unfortunately, are realities of business life. Profit pressures on the directors, abrupt changes in competetive power in the markets due to mergers and increasing international competition increase risk of misconduct and fraud despite all measures taken.
We are making measurement and determination of control vulnerabilities and prepare the hotline mechanism and Information technology policies and security by examining your company’s openness to risk.