Effective risk management can enhance the level of focus on your key objectives and improve business understanding of your challenges, as well as the actions which can be taken to secure your success. BDO offers a range of services to help you ensure that your risk management arrangements are working effectively for you.
To assess the level of risk management needed, you need to ask yourself the following questions:
- Are you taking the right risks, in a managed and considered way?
- Are you confident your risks are consistently well managed?
- Does your risk management framework encompass all areas of the business?
- How clearly defined are risk management roles and responsibilities across your staff?
- Do your risk management, performance management and business planning processes work together?
- Is your risk management methodology in line with best practice and does it operate efficiently?
- Do you have the right level of assurance on key risk areas?
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