Risk advisory helps organisations identify and manage the uncertainties that could prevent them from achieving their strategic, financial or operational objectives. The work typically starts with a risk assessment covering areas such as financial controls, cyber and data, regulatory compliance, supply chain exposure and people risks. Consultants then design frameworks, policies, reporting and control activities that match the organisation’s size and risk appetite — not too light, not over-engineered. In regulated sectors, risk advisory also links into internal audit and board reporting so that directors can demonstrate oversight. Increasingly, ESG, third-party and technology risks are being added to the traditional financial and operational view. The benefit is better governance, fewer surprise losses and a stronger position with regulators, lenders and shareholders.
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Risk Advisory: What it actually means?
