Risk Advisory Services (RAS)
DPNC’s Risk Advisory Services Practice works with clients proactively to help them identify and mitigate business and functional risks, optimize costs, build efficiencies in processes by strengthening internal controls and systems. We have a large team of qualified professionals with diverse knowledge and industry experience working with leading companies, both listed and unlisted, having domestic and multi-national presence. The team has the requisite ability to efficiently execute engagements and deliver quality and value for our clients.
- Internal Audit
We perform internal audits to provide an independent and objective review on the functioning of an organization’s systems, processes and controls to management. We identify risks in each business function, perform process walkthroughs, documentation review, data analytics, identifying areas of risk due to gaps in the process and scope of improvement in operations. Basis this, we suggest practical recommendations to management to introduce relevant controls, improve operational efficiency and minimize risk.
- Standard Operating Procedures (SOP) Development
We develop and document Standard Operating Procedures (SOP) and Policies for organizational functions based on the facts of the client, their risk profile and management objectives. Our SOPs introduce best business practice based on our diverse exposure and knowledge pool created over decades of professional practice.
- Internal Financial Controls (IFC) Compliance
We help our clients in complying with IFC requirements for financial reporting as per applicable guidelines of Companies Act 2013. We perform design and testing of IFC Framework which includes documenting Risk & Control matrices, testing and validating controls from design and effectiveness perspective to safeguard the interest of various stakeholders.
- Cost Optimization
We evaluate critical processes as identified by management of the Company and assist the clients in eliminating activities that don’t create value, enhance process optimization and identify areas and tools for saving cost.
- Cyber Security Audit
We have a specialized team which advises clients in minimizing the risk of cyber security in today’s technology driven eco-system. We evaluate IT policies, access rights, security vulnerabilities of network, server, workstations etc. to enhance an organization’s response to the increasing risk of cyber-attacks.
- Risk Assessments
We engage with clients to carry out a risk assessment of critical process, preparation of process risk registers, categorization of risks, drafting and deployment of detailed risk mitigation plan and supporting the client in long term monitoring of operating effectiveness of risk mitigation plans.
- Process and Operational Audits
We carry out special reviews as directed by management of the client to appraise the effectiveness, efficiency and sufficiency of systems and controls of a specific process or division of the Company. Accordingly, based on observations, risk is assessed, gaps are identified and suggestions are discussed with management to minimize these risks.
- Diagnostics review
We help our clients in identifying the root cause of key challenges faced by the business as identified by the management and identify key management initiatives required to address these challenges and enable optimism growth. We conduct interviews with key personnel’s, review documentation, perform process walkthroughs to identify the gaps in strategy, systems, team etc., perform root cause analysis and accordingly share recommendations for improvement, with management.
- Store/ Outlet Audits
We provide support to our clients in assessing the performance and health of a store/outlet by conducting store/outlet audits based on the parameters agreed with the management. This includes surprise physical verification, store controls review, mystery audits, physical stock count, store performance review, etc.
- Business Revival Support post COVID-19
This supports businesses to implement and monitor new processes, policies and mitigating controls for new emerging risks post COVID situation for business continuity.