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:
High tax burden for family-owned franchisor.
big thinking:
Comprehensive planning for a 15% tax reduction.

our thoughts on

Six Tips for Writing Effective Internal Audit Reports

You’ve successfully planned and executed your audit. Now, it’s time to communicate your findings to the client, board, or committee. Here are

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FinTech and the Risk of Convenience

Financial Technology (FinTech) companies strive to work with financial institutions and consumers to provide the ability to conveniently access financial

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Recertification of PA Act 153 Clearances

It’s quickly approaching the time for the recertification of Pennsylvania Act 153 clearances. Clearances are valid for 5 years. Act 153 took effect

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Conducting an ERM Evaluation

Institutions of higher education face a number of challenges in today’s highly competitive business and social climate: reputational risk, obsolescence,

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Operation Varsity Blues and Internal Audit

When news broke regarding the college admissions scandal back in March, I couldn’t help but think: where were the internal auditors? Thirty-three

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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

Map of Washington Office
Washington, D.C.

1660 International Drive, Suite 600
McLean, VA 22102