RISK ADVISORY SERVICES
The risk management is really vital for businesses due to the changing business environment and the identification of such risks and mitigating it is not that simple and easy. Every organization should think of any risk as an opportunity and transform the risks into the opportunities to survive in corporate world.
Risk is just a probability function that comes with the unfavorable outcome. In the business environment risks comes from the demographic and economics situations changes, innovation by competitors that making the products and services of the competitors more attractive and saleable, technological changes in the production of goods and services, changes in the legislations and compliance requirements enforced by the regulatory authorities.
HUMKAR’s Risk Advisory Services professionals works with the clients proactively to manage and mitigate the business risks by designing effective internal controls and help management of the business to implement it. Our team has the required flexibility to assist the organizations from large companies to sole proprietorship. Our team has the required skills and experience to assess the business risks and design effective internal control to mitigate it. We can help your organization to assess the inherent risks in the key processes and help to design and implement effective internal controls to mitigate the business risk.
Risk Advisory Services include development of policies & procedures manuals and conduct of training programs, reinforce the corporate view of “the way things should be done”, improve communication and awareness of the control environment, and highlight nonstandard practices, ensuring a sharper focus on an organization’s mission.
We also help clients design and implement global compliance programs and drive results through internal audit. Our practice ensures that we are delivering solutions to our clients in a swift, timely and proactive manner. Major areas covered under this function are:
Process Assessment – helping clients assess the efficiency and effectiveness of their business processes.
Value Management – improving the performance of your business by helping to stop revenue leakage, verify costs and highlighting value adding activities.
Financial Services Risk Management – management advice to financial services companies on financial regulation.
Internal Audit – provision of internal audit services.
Governance Advisory – encompassing a wide range of services from HR management to systems integration planning.
Standard Operating Procedures – developing detailed manuals for various operations of the client.