Last updated on November 16th, 2019 at 11:33 am
Risk management is the identification, evaluation, and prioritization of risks (defined in ISO 31000 as the effect of uncertainty on objectives) followed by coordinated and economical application of resources to minimize, monitor, and control the probability or impact of unfortunate events or to maximize the realization of opportunities.
Risks can come from various sources including uncertainty in financial markets, threats from project failures (at any phase in design, development, production, or sustainment life-cycles), legal liabilities, credit risk, accidents, natural causes and disasters, deliberate attack from an adversary, or events of uncertain or unpredictable root-cause.
Risk Assurance covers all risk services where Alya is providing independent assurance and the preparation towards assurance to our clients where the assurance can be used by our clients to build confidence and trust with their customers, the general market/public, key stakeholders or when regulatory (by law or oversight) or contractually required.
We can help with:
- Working with Audit professionals to help create trust and confidence in their financial reporting and internal control over financial reporting
- Business growth, by providing assurance to clients and other stakeholders related to internal controls
- Business improvement, by assessing risks and controls related to business imperatives, such as launching new products/services, implementing new technologies or remediating control issues
- Providing industry/sector insights and thought leadership with a focus on risk and control matters.
For more details please contact us on Tel: +971 4 876 9377, Mob: +971 52 975 0690, +971 52 475 4007 and e-mail us at email@example.com