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Risk Management

Risk management is a central part of any organization’s strategic management. It is the process whereby organizations methodically address the risks attaching to their activities with the goal of achieving sustained benefit within each activity and across the portfolio of all activities. The objective of good risk management is to add maximum sustainable value to all the activities of the organization. It increases the probability of success, and reduces both the probability of failure and the uncertainty of achieving the organization’s overall objectives.

Ensuring regulatory compliance is critical to managing risk and increasing shareholder value. Legislators in Canada and the United States, via Bill 198 & MI 52-109 and Sarbanes-Oxley Act (2002) respectively, are demanding increased management accountability through the establishment of an effective system of internal controls.

FYI has a wealth of experience helping organizations assess, document and enhance their internal control systems and management accountability frameworks in the context of the Sarbanes Oxley Act and Bill 198. FYI will analyze your processes to ensure that we can add value to your operation as we address the certification requirements.

  • Enterprise Risk Management
  • Risk Strategy
  • Corporate Governance Assessment
  • Internal Control Assessment
  • Internal Audit Services
  • Sarbanes Oxley / Bill 198 Implementation
    • Financial Reporting Policies
    • Risk Management & Documentation
    • Internal Control over Financial Reporting Testing

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