Enterprise Risk Management (“ERM”) is a process, including business operations, financial reporting, and compliance requirements. With the changing environment and development in the world, companies are facing a variety of challenges. Risk management has become an important means in corporate governance.
Our scope of services includes:
- Establishment of ERM Framework under Committee of Sponsoring Organizations of the Treadway Commission’s (“COSO”) Internal Control—Integrated Framework (2013)
- Establishment of ERM structure, processes, policies and procedures
- Establishment of Risk Model, Risk Register, Risk identification, assessment and prioritization processes
- Organizing Risk Assessment
AVISTA provides risk management services to help our clients in assessing the risks they are facing, identifying potential risks, developing their risk appetite statement, establishing an appropriate risk management framework and monitoring the implementation of risk management framework. We believe sustainable development of risk management process can lead to business continuity.