Companies are devoting significant resources towards understanding and managing enterprise-wide risks in order to ensure financial, operational and compliance goals and objectives are achieved.
An effective approach to enterprise risk assessment and audit planning is essential to ensuring resources are focused on areas of greatest risk and opportunity.
At Brown Smith Wallace, we work with clients to build or supplement their risk management capabilities in the areas of risk assessment and audit planning. We provide clients a structured and cost-effective approach along with the expertise necessary to ensure the quality of results and confidence of senior management.
Who can benefit from these services? 
Risk assessment and audit planning services are provided to organizations planning the scope and focus of their annual internal audit function or Sarbanes-Oxley effort.
Brown Smith Wallace is often engaged to provide these services to companies that are establishing an internal audit function or are interested in increasing the value realized through a risk-based audit plan.
We are also engaged by clients that are interested in having independent and objective input and feedback into their annual risk assessment and audit planning process.
What services are available?
Enterprise risk assessment engagements focus on the following:
- Identifying and prioritizing sources of risk
- Evaluating management’s response to identified risks against the company’s appetite for risk
- Identifying opportunities to manage and monitor risk and improve internal control
- Chief Financial Officers
- Controllers
- Executive Directors
- Loan Officers
We spend time understanding your company’s key financial and operational drivers and risks in order to maximize the value of our services. Enterprise risk assessment engagements frequently lead to the development of an annual risk-based audit plan.
Utilizing information gathered during the risk assessment, we are able to develop an audit plan that focuses your limited resources on areas of greatest organizational value.
Why should I engage Brown
Smith Wallace?
Our team is experienced, knowledgeable and has a firm commitment to providing outstanding customer service. The experience of our professionals truly differentiates us from our peers, and our clients benefit from our ability to find real solutions. The Brown Smith Wallace advantage includes:
- Proven methodology and approach to conducting risk assessment and audit planning engagements
- Significant risk management, internal audit, and internal control knowledge and experience
- Industry experience and insights
- National and international reach
- Reputation for client service and commitment to communication and knowledge transfer
- High caliber professionals at competitive fees
What else should I consider?
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