TEAM FOCUS: RISK ADVISORY SERVICES
RHIZA – MORE THAN RISK MANAGEMENT SOFTWARE
Rhiza helps organisations to implement and maintain robust risk, control and assurance frameworks proportionate to their needs. Designed to be an easy-to-use, practical tool, Rhiza successfully embeds the ownership, management and accountability for risk and control throughout your organisation. Effective risk management isn’t only about meeting increasingly complex compliance requirements. It also helps you and your colleagues to make better business decisions, based on sound management information.
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This work can be highly innovative, as with a recent Financial Position and Prospects Procedures (FPPP) engagement, which included a greater focus on sustainability reporting. We expect two new senior people to join the business transformation team in October, with around 10 other professionals to be recruited over the coming 12 months. Many clients are looking to transform their businesses by investing in new technology. As a result, we are also expanding our Digital team, reflecting the many risks and opportunities created for organisations by advances in digital technology. We offer support in a variety of ways, including system selection, project management, systems assurance, and business transformation. Linked to this are our services in data governance and cyber security, which also address important client needs. We continue investing in our RAS services to address other client issues, such as the new challenges around internal controls and directors’ responsibilities in the light of the BEIS consultation on introducing a UK Sarbanes-Oxley style regime.
Such developments ensure that our regulatory compliance and assurance expertise is increasingly in demand. We are also continuing to develop our services in areas such as third party attestation and contract assurance. Given the ever-changing and increasingly complex environment in which both not-for-profit and corporate entities operate, managing risk will continue to be a high priority for senior management. So too will seizing the opportunities that come with a developing risk landscape. Our RAS team looks forward to continuing to develop its services to provide the technical and practical support our clients seek.
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