Risk Advisory Services

What are the risks to your business?

A company's future depends on its ability to identify and manage risk. Effective risk management requires an effective internal audit function.

In a complex organization, a successful internal audit function has a dual role: it supports the Audit Committee in its fiduciary duties related to internal control - and it partners with management in performing risk assessment and risk management.

Does your internal audit function identify and evaluate the risks that confront your business?

In an ideal world, a progressive internal audit function would work adaptively within an organization. However, the post-SOX environment is anything but ideal. Many organizations lack the leading tools and necessary technology to perform an internal audit efficiently and cost-effectively.

Schneider Downs offers seven risk-based risk advisory service options to ensure compliance, mitigate uncertainties and keep inefficiencies from eroding your bottom line. We work hand-in-hand with your audit committee and primary auditor on risk and control strategies to fully leverage internal audit and minimize compliance/audit costs.

case studies

 
big problem:
Ransomware attack halted a global manufacturer's operations.
big thinking:
Recover and secure the system – fast – save $1 million in ransom.
 
big problem:
A not-for-profit client out of 401(k) compliance.
big thinking:
Allowing more contributions by highly paid employees.

our thoughts on

National Flood Insurance Program Extension

As I watched the pounding rain from my window for the third straight day, I could only imagine the damage this unpredictable spring weather was inflicting

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Continued Compliance with CAISO SQMD Requirements in Non-Reporting Years

Is your utility company ensuring continued compliance with the CAISO SQMD requirements during non-reporting years? With the California Independent System

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Bill S. 1564 Calls for Delay of CECL Implementation Until a Quantitative Economic Impact Study is Completed

The Financial Accounting Standards Board (FASB) issued a new expected credit loss accounting standard in June 2016. This new standard introduces the current

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Artificial Intelligence in Higher Education

Before you finish typing a key word in the search bar, it may appear as if your thoughts have been predicted. Artificial intelligence (AI) and machine

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Why Higher Education Institutions Must Comply with GDPR

The EU General Data Protection Regulation (GDPR) has been in effect for 10 months. One sector that has been affected by the newly enforced regulation,

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contact us

Map of Pittsburgh Office
Pittsburgh

One PPG Place, Suite 1700
Pittsburgh, PA 15222

contactsd@schneiderdowns.com
p:412.261.3644     f:412.261.4876

Map of Columbus Office
Columbus

65 East State Street, Suite 2000
Columbus, OH 43215

contactsd@schneiderdowns.com
p:614.621.4060     f:614.621.4062