Risk Assessments

With the recent corporate scandals and the passage of the Sarbanes-Oxley Act, many companies are placing a renewed emphasis on internal controls and corporate governance. In doing so, many companies are turning to CPA firms for cost-effective risk management solutions.

Our Risk Advisory Services practice is designed to assist companies with the identification of risks that have a significant impact on their business including financial, operational and compliance risks, and to assist the companies with developing sound, cost effective controls to mitigate those risks. We provide integrated services, including internal audit, IT controls assurance, and Sarbanes-Oxley assistance that help organizations to identify and manage their risks.

We have significant experience with public and private companies in various business industries and the tools and methodologies to improve your risk management functions.

Assessing Your Risk for Fraud
According to a report published by the Association of Certified Fraud Examiners in 2008, US businesses lose 7% of their annual revenues to fraud, which translates to approximately $994 billion per year. While the risk of fraud will never go away, businesses can implement cost effective controls to minimize these risks. Keiter Stephens' Risk Advisory Services professionals can assist you with evaluating your risks for fraud and suggest controls that help to mitigate these risks while not overburdening staff.