Services

Risk Advisory Services (RAS)

Every organization – large or small, public or private – with ambitions to go public (IPO), requires a good internal control environment to be effective and sustainable in the marketplace.  Good internal controls are a foundation to establish strong governance, accountability, and manage risks effectively.  Risks exist in every decision an organization makes or activities it undertakes. Centri’s RAS team will help you identify risks keeping in mind the current state of your organization, industry, and competitive landscape, and provide advisory solutions to manage risks effectively. Our experts will understand the needs of our client and take a holistic and integrated approach towards risk management. Centri’s RAS team offers a variety of sustainable risk management solutions to help you stay competitive in the marketplace and reduce risks.

Our Risk Advisory Services include:

Sarbanes Oxley (SOX) Compliance

  • SOX Readiness assessments to determine organization’s preparedness
  • Implementation of a sustainable SOX program in accordance with COSO 2013 Internal control framework including process documentation, risk, and control identification
  • Ongoing support for management’s assessment for ICFR (SOX 404a and 404b) including scoping, risk assessment, walkthroughs, testing, and reporting (including external auditor coordination) in a fully outsourced or a co-sourced model
  • Remediation of material weaknesses and significant control deficiencies
  • Training support to establish accountability for control and process owners

Policy Development and Implementation

  • Corporate governance policies (i.e. Charters, Trading Policy, Whistleblower Policy, etc.)
  • Accounting policy manuals
  • Information Security and IT Change Management Policies

Risk and Internal Controls Assessments

  • Enterprise Risk Management assessments including Risk identification, risk prioritization, and risk mitigation
  • IT General Controls (ITGC’s) assessments
  • End-to-End business process evaluation
  • COSO 2013 Internal Controls assessments
  • System Pre-Implementation reviews
  • ASC 842 (Lease) and ASC 606 (Revenue Recognition) internal control considerations

SOC 1 Readiness and Report Reviews

  • Review, analyze, and document SOC 1 reports for outsourced service providers, third parties, and Software-as-a-Service (SaaS) models
  • SOC 1 Readiness assessments prior to independent auditor opinion

Outsourced Internal Audit

  • Develop Audit Universe and Internal Audit Methodology
  • Perform risk assessments and develop audit plans
  • Execute risk-based audits and draft audit reports for the Board and management

Forensic Analysis & Support

  • Provide forensic analysis for variety of fraud schemes including payroll, cash, purchasing, theft, and expenses
  • Travel & Entertainment expense assessments for Executive Officers Performing Fraud Risk Assessment

 

Please contact us to explore how our expertise aligns with the specific risk advisory needs of your company.