Risk advisory services

“It will never happen to us”: the importance of balancing risk while driving success.

Change is constantly impacting business through digital disruption of markets and macro-economic downturns, as well as geo-political instability, climate change and social disruption. Managing these risks is vital to ensuring your business remains relevant and maintains its competitive advantage. The key is continuing to create value by balancing risk with the drive for success.

Risk management allows you to align your strategic goals with operations to ensure you achieve your strategy. Through a process of risk identification and assessment you can identify the relevant controls to mitigate your risk to an acceptable level.

Managing risks ensures your risks are mapped to the three lines of defence for your combined assurance model: risk management, compliance and governance. When you constantly review these processes, your business is protected and opportunities can create stakeholder value. Businesses that create value balance risk with opportunity.

BDO's risk advisory specialists offer global assurance and advisory services focused on risk management, compliance and governance. Working with us, you will be able to deliver organisational assurance and value to your Board. We assist in the design and implementation of relevant, practical and cost-effective combined assurance models.

Finally, but just as important, is technology risk. Cyber fraud, security, data privacy, technology digitalisation and POPIA are all areas that require the support of an expert team. Our specialist technology team will provide your organisation with the support and guidance needed in this area.

GLOBAL RISK LANDSCAPE 2023