Category Archives: Risk Advisory

Auditing Big Data

The difference between data and information is usually understood. Data is raw, and requires processing. Data can be simple but random and needs organization. When the data is processed, organized, analyzed and converted into information, then it is ready to … Continue reading

Posted in Audit & Assurance, Risk Advisory |

Risk Management for ‘Black Swan’ Events and Business Continuity Plan

Why the term Black Swan is used so often in risk management because the risk managers feel the need to separately call out extreme impact events, regardless of probability and they pose an existential threat to a firm. Black Swan Definition  … Continue reading

Posted in Risk Advisory |

Artificial Intelligence and Risk Advisory

Artificial Intelligence, or AI, is no longer the exclusive tool of limited entities such as defense organizations, instead, AI is now present everywhere and impacting all walks of life. From gaming to films and from manufacturing to services, AI is … Continue reading

Posted in Risk Advisory |

Being a Risk Advisory Professional – New Expectations

In recent times, few instances were noted where Risk advisory professional was accused of being gross negligent and consequently either arrested or barred from practice as Chartered Accountant. It’s being said that if there is anything wrong happening in the … Continue reading

Posted in Risk Advisory |

Why Risk Advisory to Manage Business Risk is Important?

What is Risk Management? Risk management is the process of identifying, assessing, and controlling threats to an organization’s capital and earnings. The risks could evolve from various sources such as financial risk, legal risk, strategic risk, nature’s apathy, etc. The … Continue reading

Posted in Risk Advisory |