Responsible risk taking
Doing business involves taking risks, which constantly change but you can take responsibly. But the risks you can take responsibly. There is a new (business) economic reality. A reality that can no longer be taken for granted. A reality where we have to say goodbye to tried-and-tested recipes. A reality that will demand the utmost flexibility and creativity on a daily basis. For example, disruptive technology, geopolitical developments, society's short-termism and the rise of social media. This means that awareness of risks and the speed with which businesses are able to control risks are crucial for sustainable success.
At BDO we believe that risk management starts by knowing what your risk tolerance is. In addition, it is important that you pay specific attention to external risks. Research shows that 90% of risks with significant impact on an organization’s objectives are external risks. You must therefore think in scenarios, develop appropriate plans and bring the governance of your organization in line with the most important risk areas. We can assist you with amongst others an internal audit, including structure, co-sourcing and outsourcing of internal audit functions and carry out Quality Assurance Reviews.
Do you feel you may be exposed to risks and want to know how BDO can assist in mitigating those risks? Please feel free to contact one of our professionals for an introduction meeting to determine if and how we can be of service to you.