Enterprise Risk Management (ERM), is the process of managing the activities of an organization to minimize the risk of its strategic initiative’s capital and earnings. ERM includes risks not only associated with accidental losses but also with financial, strategic, operational and compliance issues.
The Corporate Governance Benchmarking and Best Practices services focus on helping clients assess and develop an understanding of how the board and senior management executes its responsibilities, including new strategic vision, and become more effective and efficient.
DLA has deep experience performing risk assessments to guide clients through the entire ERM process. We work closely with our clients’ management teams to perform risk assessments and design custom solutions.
A risk assessment is the basis for an effective internal audit strategy. DLA helps anticipate problems, as well as avoid, accept, share or transfer them if they do occur. Given that risk assessment is the foundation for an effective internal audit strategy, a well-thought-out strategy not only helps companies prioritize their internal audit efforts but also reaches corporate strategic goals, improves profitability and identifies compliance needs to meet governmental regulations and applicable laws.
Organizations that vigorously interpret the results of their risk assessment process, set the groundwork for establishing an effective ERM program and are better positioned to capitalize on opportunities as they arise.