financial management

Enterprise risk management.

Risk identification and risk management are key functions of an entity’s ability to remain relevant in the market that it operates. Risks, whether business risk, financial risk, operational risk or other, if not properly identified, assessed, evaluated, monitored and reported could leave the entity exposed to not achieving its strategic objectives. Our methodology, aligned to COSO and ISO 31000 helps our clients create the right risk awareness and risk management by:

  • cascading risk awareness throughout the entity, by updating/creating Risk Policies and Risk Registers,
  • mapping key risks to key controls to Risk Owners.
  • enabling the 1st LOD to perform continuous self-assessment on the status of internal controls prior to Audit.
  • reporting to Audit and Risk Committees using dynamic dashboards and insightful reports.

Supply chain and operations

Supply chain management is the management of the flow of goods and services and includes all processes that transform raw materials into final products. An effective and efficient SCM framework can maximize customer value and achieve a sustainable competitive advantage. Our methodology, is able to analyse procurement spend, identify cost optimisation mechanisms and achieve value for money, including compliance with the PFMA, MFMA and PPPFA, for our public sector clients.

Compliance risk management.

Compliance risk is the risk of loss of reputation, penalties, fines, civil claims, and/or loss of authorisation by the regulators, which would jeopardise the business. Our methodology, aligned with the GACP issued by the Compliance Institute of SA, enables Compliance Officers for an entity (public and private sector) to better manage their risk of non-compliance with applicable laws and regulations. We achieve this by designing and implementing a comprehensive Compliance Risk Management Framework (CRMF) which includes the following:

  • Compliance Policy
  • Compliance Charter
  • Compliance Risk Management Plan (CRMP)

Our methodology also prescribes the creation of a Compliance Steering Committee into which the Compliance Officer can report the status of compliance and status of remedial action plans for non-compliance instances.

Governance maturity assessment.

King IV defines corporate governance as the exercise of ethical and effective leadership by the governing body towards the achievement of the following governance outcomes:

  • Ethical culture
  • Good performance
  • Effective control
  • Legitimacy
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