Are You at Risk of Penalties and/or Reputational Damage?

May 26, 2022

For nearly 5 years, Risk Dashboard has been working hard to inform and educate Business Owners and their Advisors on the importance of effective Risk Management.

Why for the advisory firm?

Practice what you preach.  A professional Risk Audit is simply good business, highlighting opportunities and issues, i.e. gaps, threats and vulnerabilities and how to correct them, including complying with statutory requirements.

When it comes to ADVISORY – it’s a case of ‘what’s good for the goose is good for the gander’…

Why for the Business Owner?

Your clients look to you for advice and guidance, because of  the trusted status you and your team enjoy, but more importantly because your clients are so busy working ‘IN’ their business they find it difficult or impossible to keep up with changes that could effect their organisations without help.

The most recent fine imposed on a big four accounting and advisory firm, has simply endorsed the need for risk management. The purpose of Risk Dashboard is to identify the many and varying risks that you and your clients are exposed to, and how as business advisors you can support your clients in preventing business disruption or worse.

Be it ‘Audit’ or ‘Advice’ it is essential you are able to recognise risks to your clients of their ‘non-compliance with laws and regulations’, as is so tragically highlighted in the case of KPMG and Rolls-Royce.

Risk Dashboard’s latest software release provides comprehensive ‘Impact Assessment’ reporting, to identify yours and your clients statutory obligations, delivering against all actions and tasks a level of ‘defensibility’ and best practice.

Many firms have realised the benefits of adopting risk based technologies and the opportunities these can bring for growth and expansion.

Risk Dashboard is a specialist provider of bespoke data and analytical solutions to the accounting sector, the software provides real-time evidence-based continuous analysis for improved reporting and decision making for accountants, business advisors and their clients.

If you would like to know more about how Risk Dashboard can transform your business please contact Neil Campbell, Commercial Director at Risk Dashboard on info@riskdashboard.co.uk.

 

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