OUR SERVICES
We provide Assurance AND Service. Whether you are a small company without an internal audit department or if you are an established corporation with defined audit plans, we can help fill your risk management requirements.
RISK STRATEGY
I & O Assurance is focussed on helping our clients succeed in business. Risk Management is about establishing business objectives, identifying the associated risks (threats and opportunities) to meeting those objectives, then applying the four "Ts" of risk mitigation:
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Treat (by implementing mitigation controls)
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Transfer (to insurance, partner, or 3rd party)
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Terminate (the activities or sources of risk)
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Take (and aceept the risks)
Once a Risk Strategy is embarked upon, it is important to monitor, adjust, and assess the residual risks after mitigation plans are in place.
SOLUTIONS
Our solutions help with setting up a Risk Management framework which helps to identify, assess, and manage risk and controls. This includes:
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Establishing an Entreprise Risk Management program (establishing risk registers and identifying mitigation controls.)
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Designing an Audit Program compliant with international auditing standards. This full-cycle program establishes processes for identifying audit subjects, establishing audit procedures and guidelines, and defining follow-up procedures.
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Performing audits or assurance services on key operating facilities and the highest risk areas to ensure the mitigating controls are effective.
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Providing written feedback on the efficacy of risk controls and advising of potential remediation and corrective actions to take.
YOUR SUCCESS
We at I & O Assurance are expert risk advisors and auditors. We assist by helping our clients by providing audit and risk advisory services to your challenges and we build tailored solutions to help achieve sustained success.
We begin with an interactive risk assessment of our clients objectives and then performing an independent assessment of those risks. We then formulate an audit plan and design tests to assess the risk controls in order to ensure controls are effective and efficient in order for our clients to meet their business objectives.