Risk Advisory Services

In a world in which development of information technologies and business complexity of companies is accelerating, many enterprises face an ever-present challenge of achieving business goals, while minimizing risks stemming from the use of innovative technology, and from undertaking new activities.

Today, risk management in companies is an essential business need, particularly in view of legislative changes in Israel and the rest of the world. The Sarbanes-Oxley Act, which took effect in the U.S. in 2002, constitutes a milestone in both external and internal auditing. It sets new international standards for the structure of auditing in companies and for the quality of risk management.

The risk advisory department is  prepared to provide  strategies conducting internal audits in an enterprise, and for tasks of monitoring the auditing system (internal auditors, auditing committees, and the board of directors).

The department provides services in two principal areas: risk management and internal auditing.

Department teams from a number of disciplines jointly provide thorough and effective alternatives for clients. Teams include accountants, information systems analysts, programmers, and various technology specialists. These professionals have  many years of auditing experience, in fields like computerized information systems audit, internal auditing, and economic and business advisory. Employees and managers in the department spend a great deal of time in professional study and keeping track of the latest developments, in order to provide a thorough, immediate, and  ready approach.

KPMG in Israel is one of the pioneers in developing risk management systems. It was the first to coordinate evaluation of business processes with auditing by accountants. The great importance that KPMG attaches to this field is also reflected in its activity with audit committees in companies all over the world. One of the important ventures in this field is the Audit Committee Institute: http://www.kpmg.com/aci/

TOP