Risk Advisory Services
Our Risk Advisory practice comprises a dedicated team of accomplished professionals with strong technical knowledge combined with relevant industry expertise.
A successful organization must be able to navigate these complex forces strategically to manage risk, drive business performance and achieve regulatory compliance.
At JRB our professionals team help clients manage their risk profile in the following areas:
Internal Audit Services in Dubai
Internal Audit is an essential tool that can help businesses unlock organizational performance. At JRB, our Internal Audit (IA) team provides expert assistance to our clients throughout the Internal Audit lifecycle. From assessing risks to designing the audit strategy and delivering a risk-based Internal Audit programme, we ensure that our innovative IA processes meet our clients’ strategic needs and objectives.
Our deep understanding of business risks and experience in operational improvement, gained through our work across a variety of sectors, can help organisations improve their performance and add value to their business.
We perform our Internal Audits with a focus on maximising internal controls and enhancing overall regulatory compliance. We provide the solutions to help assess controls, identify the core operational risks and support clients in mitigating these risks efficiently. Our IA services help senior management and stakeholders better understand and manage the risks that their organisation faces.
SOPs: Standard Policies and Procedures
Provide comprehensive guidelines on complicated daily operations, businesses can ensure higher efficiency and uniform output. At JRB, we standardize business operations across various sectors through our highly effective Standard Operating Procedure (SOP) services.
With proper assessment and mitigation of risks, our customized SOPs can help you run your business with maximum efficiency. Our team of experts can also address potential vulnerabilities and gaps in your current system to further boost business performance.
We prepare SOP policies and manuals that are aligned with industry standards and legal regulations. Our broad spectrum of SOP services covers various sectors including critical business processes, sub-processes as well as authority matrixes.
Internal Controls Over Financial Reporting (ICFR) & Internal Controls assessment
An effective Internal Control framework ensures orderly and efficient conduct of business. Internal controls system can safeguard your interests by identifying potential risks and mapping out issues throughout the value chain. Periodic internal control reviews can also evaluate compliance with company policies and procedures.
At JRB, we can help you verify the accuracy and completeness of your accounting records, and thereby achieve the timely preparation of reliable financial information.
Furthermore, we provide you with a detailed report that gives you an overview of the effectiveness of your existing Internal Control framework. We identify controls that are not designed effectively and put forward suggestions for improving them.
- Drafting risk-control matrix including controls, objectives, risks, etc.
- Testing controls
- Providing remediation plans and recommendations
The protection of information assets and the continuous maintenance of data integrity and operational effectiveness are vital for every organization. Technology, while being a prime driver for businesses, it also pose various risks and weaknesses for many organizations, especially those that deal with confidential and valuable information. At JRB, we help our clients stay one step ahead of such technological vulnerabilities by offering effective IT audit services that aim to prevent these IT-related incidents.
JRB IT audit services help organizations recognize their key technology risks, and how meticulously they are currently mitigating these risks. Our in-depth analysis processes also allow us to identify any gaps in your current processes and recommend the best and safest solutions to bridge these gaps. Our IT audit professionals come prepared with the experience and knowledge required to provide you with an insight into the threats prevalent in today’s complex IT ecosystem.
IT audit services
- A complete assessment of your IT risks
- Audits of your IT systems, processes, and controls
- Enterprise Resource Planning (ERP) systems Audit
- Pre- and post-implementation audit reviews of your Enterprise Resource Planning (ERP) solutions
Business Performance Analysis & Quality Assurance
An effective control testing and monitoring (CTM) program is at the heart of a risk management system. It drives a company’s operational performance, reporting reliability, and the fulfillment of its objectives. Organizations today strive to enhance the quality, efficiency and consistency of controls testing through standardization and centralization. However, the road to a sound controls environment is paved with many challenges such as administrative burden, cumbersome reporting, and low visibility.
At JRB, we offer your organization a sustainable, high-quality solution to managing controls testing and monitoring in today’s fast changing environment. Our CTM experts draw from their market-leading risk and controls experience and rich sector-specific knowledge to drive both greater control over risks and lower exposure to fraud and errors.
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