Corporate Governance Solutions

Enterprise Risk Management

Enterprise risk management (ERM) is the process of identifying and addressing methodically the potential events that represent risks to the achievement of strategic objectives, or to opportunities to gain competitive advantage. Enterprise risk management in business includes the methods and processes used by organizations to manage risks and seize opportunities related to the achievement of their objectives.

With ITGS Diligence, you can assess the risks posed to your organization’s operations and objectives. Conduct risk assessments and keep track of risk treatments and controls across projects & portfolios, departments, business units, divisions, and countries. Enable a streamlined and documented process that allows an organization to keep track of its evolving risk profile consistently and efficiently based on best practice methodologies such as ISO 31000. ITGS Enterprise Risk Management mainly revolves around:

• Management responsibilities include the risk architecture or infrastructure, documentation of procedures or risk management protocols, training, monitoring and reporting on risks and risk management activities.
• Enhancing policy development and integration to ensure that all relevant sectors include risk management as a basic tool under the overall perspective and goals of sustainable development.

ITGS Enterprise Risk Management provides its clients and customers:

• A consolidated risk score
• Tailored risk reporting and analysis
• Indicator and incident management
• Leverage existing data and solutions
• Flexible taxonomy support
• Tailor to your needs.

Internal Control Systems

Internal controls system includes a set of rules, policies, and procedures an organization implements to provide direction, increase efficiency and strengthen adherence to policies. The internal control system differs from one business organization to another depending on the nature and size of the business.

ITGS Internal Control and Compliance Services assist clients in focusing on the inherent risks in their business processes used to support their business objectives and to grow their businesses. The ITGS internal control system consists of the formal policies and procedures that do the following:

• Ensure assets are properly used.
• Ensure that the accounting system is functioning properly.
• Monitor operations of the organization to ensure maximum efficiency.
• Ensure that assets are kept secure.
• Ensure that employees are in compliance with corporate policies.

Internal Legal and Compliance Audits

Internal Legal and Compliance Audit is a due diligence system to minimize business risk by verifying and identifying the gaps in regulatory compliances that are applicable to the company and drafting a course of action to keep the company on a steady compliant track. Many areas are subject to legal oversight, but the main areas an organizational legal audit compliance checklist should cover are labor, environment, health and safety, corporate governance, and data security.

ITGS Internal Legal and Compliance Audit Solutions practice helps you build effective Internal Legal and Compliance Audit functions and anticipate the risks and risk interdependencies that can threaten your business and impact your growth. We understand the interconnections between the ‘lines of defense’, and help you to turn each function. Internal Legal and Compliance Auditing is comprised of the following activities:

• Perform a risk assessment and determine the level of risk.
• Understand laws and regulations.
• Obtain and/or establish policies for specific issues and areas.
• Educate on the policies and procedures and communicate awareness.
• Monitor compliance with laws, regulations, and policies.
• Audit the highest risk areas.
• Re-educate staff on regulations and issues identified in the audit.