Good governance, pro-active risk management and effective internal controls are more important than ever for businesses. Part of the reason for this is greater regulatory scrutiny and new legislation. In addition, increasing operational complexity, greater market activity and consolidation, and enhanced shareholder expectations mean there are also considerable commercial benefits to robust governance, risk management and internal controls.

Our team of experts has a track record of delivering governance, risk and control assurance services that add value to our clients’ businesses.

Comprehensive solutions

We have in-depth knowledge of the key risks and challenges facing businesses, particularly in the insurance sector. Our trusted team offers a full range of services, such as reviews of governance framework and board effectiveness, internal audit, compliance monitoring support, IT assurance – including cyber security and data protection – SOX compliance and also internal control assurance and reports for service providers.

Flexible approach

Our flexible approach allows us to not only recognise the different needs of our clients but to work with you to create a solution that meets your requirements from both a commercial and regulatory perspective. 

We work closely with heads of both second- and third-line functions, and board members, to provide services in several different ways. This includes:

  • Outsourcing – We will act as your in-house team, reporting to the chair of the governance/audit committee.
  • Co-outsourcing – If you have an established in-house team, we will work alongside them to give you additional resources or specific expertise to review large or complex projects, or to supplement your in-house team at peak times.
  • Secondments – We provide experienced staff to work as an integral part of your in-house team.
  • Consulting â€“ We provide a range of consulting services, such as advising heads of internal audit on best practice.
  • Training – We provide training on regulatory priorities or topical subjects, highlighting best practice approaches to governance, risk management and internal audit.

Our services

Governance

Businesses’ governance and oversight frameworks are increasingly subject to regulatory attention as well as public scrutiny. We will provide your business with independent assurance that your governance framework and processes are robust.

Risk

Proactive risk management is critical, especially in a world where the risk landscape is constantly evolving. Our team understands the importance of robust risk governance and the need for a strong risk management framework – the foundations for ensuring that risks are proactively and effectively identified, measured, monitored, managed and reported.

Internal audit & controls

Increasing regulatory scrutiny, greater operational complexity and the evolving risk landscape mean it has never been more important for businesses to implement effective internal audit functions. We will help you because we invest time to understand our clients and their needs.

IT assurance

Malicious attacks, data breaches, system crashes – as a business’s dependency on IT increases, so does the myriad of IT-related risks that it faces. Our team of experts is here to assist in preventing or alleviating such risks and helping you to find solutions that are as unique as your business.

Relevant insights

The latest in governance, risk & control assurance from PKF