Risk and Compliance Assessments

Risk management is activity directed towards the assessing, mitigating (to an acceptable level) and monitoring of risks to an enterprise. Risk management deals with risks to a specific project, asset or thing of value. In some cases the acceptable risk may be near zero. Risks are any and all events that could potentially occur, that would be detrimental to the interest or value of the object to which risk must be managed. Risks include those that can come from the accidents, natural causes and disasters as well as deliberate attacks from an adversary.

Audit Department is offering you a risk management process which entails organized activity to manage uncertainty and threats and involves people following procedures and using tools in order to ensure conformance with risk-management policies.

Our risk management methodology consists of the following five elements, performed in the following order.

• identify, characterise, and assess threats
• assess the vulnerability of critical assets to specific threats
• determine the risk (i.e. the expected consequences of specific types of attacks on specific assets)
• identify ways to reduce those risks
• prioritise risk reduction measures based on a strategy

The aim of our strategy is to manage risk include transferring the risk to another party, avoiding the risk, reducing the negative effect of the risk, and accepting some or all of the consequences of a particular risk.

Our Country offices in London, Hamburg and Milan will be looking forward to your individual requests and can help you in defining the ideal package for your individual requirements.