Risk and compliance

Keeping you and your assets safe.

Regulatory compliance

Regulatory compliance is an organization’s adherence to laws, regulations, guidelines and specifications relevant to its business processes. AM Cross Country Consulting can audit your business for specific regulatory requirements and make suggestions insofar implementation of systems to become and stay compliant. We can also set up a risk assessment plan for your company.

Internal audit

Internal audits evaluate a company’s internal controls, including its corporate governance and accounting processes. These audits ensure compliance with laws and regulations and help to maintain accurate and timely financial reporting and data collection. Internal audits also provide management with the tools necessary to attain operational efficiency by identifying problems and correcting lapses before they are discovered in an external audit. We prepare your company for a problem free external audit which saves the cost of the audit and aggravation of your employees.

Anti-fraud assessments, planning and strategy

The fraud prevention strategy outlines a high level plan on how the Institution will go about implementing its fraud prevention policy. The strategy forms the most important part of the fraud prevention plan therefore it must be uncomplicated and practical. Important factors covered in this service is the following:

Identification & assessment of vulnerable areas
Ownership of fraud risk
Response plan
Legal framework
Anti-fraud culture

Technology risk

Technology risk is any potential for technology failures to disrupt your business such as information security incidents or service outages. An assessment of the impact of technology failure and a risk mitigation plan to ensure continuity should your company be disrupted. Data security and safekeeping of your assets are at the top of our priority list. By adopting a proactive approach to risks, companies can create and allocate resources toward preventative measures, allocate clear responsibilities and formulate actions related to the company goals.

Risk management

In business, risk management is defined as the process of identifying, monitoring and managing potential risks in order to minimize the negative impact they may have on an organization. Examples of potential risks include security breaches, data loss, cyberattacks, system failures and natural disasters. There are four main risk management strategies, or risk treatment options:

Risk acceptance.
Risk transference.
Risk avoidance.
Risk reduction.