Enterprise risk services
Deloitte's enterprise risk services (ERS) practice is a global leader in helping clients enhance performance by enabling them to better measure and manage business risk and control. All enterprises manage risk through a business process that responds to the opportunities in the marketplace. We add value by aligning our core competency with our clients' risk management business needs. Our core competency is comprehensive risk management and control consulting for complex enterprises, dealing with operational risk.
ERS offers a comprehensive set of services designed to help our clients understand business risks, determine acceptable levels of exposure, implement controls and provide ongoing measurement and monitoring of the risk environment and control compliance.
We address our clients' needs in the context of their business strategies and objectives, and help our clients to:
Assess - Identify business risks, analyse and measure the business impact of risks and assess the effectiveness of control
Transform - Implement reliable and cost-effective control to mitigate risk
Sustain - Monitor compliance with the controls and the risk environment, and measure performance to confirm that the exposure is acceptable
Risk - The likelihood that threats can adversely affect an organisation's ability to achieve business objectives
Control - The solution (processes, procedures, application technology, organisational structure and culture) that helps the organisation to reduce risk and achieve business objectives on a sustained basis
Exposure - The potentially adverse impact of control not fully mitigating risk, whether anticipated or unforeseen.
Possible threats or sources of risk:
- Transaction processing error
- Transaction control error
- Information systems failure
- Breach of regulatory compliance
- Service quality decrease
- Breach of company policy
- Fraud
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