As broader stakeholder expectations for risk management and risk assessment continue to increase, many board members and senior executives have come to appreciate the benefits of Enterprise Risk Management (ERM).
In particular, they expect their organisations to:
- achieve clearly articulated, high-level goals and objectives;
- use capital and other resources effectively and efficiently;
- report transparent and reliable operational and financial data; and
- maintain compliance with the most recent regulations and laws.
Board committee members and senior executives often need advice and assurance that they are providing effective risk management to the enterprises they serve. BDO helps organizations design and implement practical and cost-effective enterprise risk management solutions. BDO assists organisations in creating ERM programs and improving processes for managing strategic, operational, financial, regulatory, and compliance risks. At BDO, we believe that understanding the nature and extent of likely risks, and how to deal with them can be complicated enough without wrapping the whole process holistically from an enterprise-wide perspective.