Boards of Directors and executive management recognize the ever increasing importance of effective risk management efforts in meeting their organization's strategic objectives.
PwC's Risk Assurance practice has developed a holistic approach to risk that protects businesses, facilitates strategic decision making and enhances efficiency. Our holistic approach is complimented by the extensive risk and controls technical knowledge and sector-specific experience our Risk Assurance professionals possess.
The end result is a risk solution that is tailored to meet the unique needs of a company.
Areas where our Risk Assurance practice can bring value to an organization include:
- Leveraging industry and technical expertise to assist management to address more effectively risks associated with their business
- Assisting management in the assessment of project risks and controls
- Enhancing internal audit functions to further align to company strategy and risk
- Reducing company costs through strategic internal audit outsourcing and co-sourcing solutions
- Increasing value and reducing costs of compliance-related activities
- Identifying opportunities for companies to effectively mitigate risk and improve business performance
- Applying the concepts of Enterprise Risk Management to help companies identify, assess, mitigate and proactively consider emerging risks
The specialty area of Process Assurance provides services related to controls around the financial reporting, compliance and operational processes, including business process and IT management controls. Our team members provide multiple services including:
-Controls design, optimization and assurance services over finance, compliance and operational processes
-Controls design and optimization services associated with system implementations and upgrades
-Technical IT controls reviews, including database, operating system, data warehouse and reporting tools
-Third party assurance and other opinion services
-IT risk and control audit readiness services in support of regulatory compliance audits
-Audit support services (application and IT general controls) for external audit engagements, including engagements under SoX requirements
Key issues we help our clients address are:
-Assisting our clients in optimizing their risk and internal control activities, including control effectiveness and optimization activities
-Establishing IT is aligned to organizational strategy, responsive to a changing business climate, with clearly defined policies and procedures
-Assessing and enhancing the controls around system implementations and other change events through a clearly defined project management methodology
-Performing third party and other opinion-level services in response to service organization requests from customers for information about internal controls, business results and operations
-Performing readiness assessments for service organizations that may need an opinion level report in the future
-Assisting clients in leveraging their technology investments to help establish, optimize, and sustain a real-time controls environment at an enterprise level
-Supporting controls and systems related aspects of internal audits and external financial audits in the areas of planning, audit strategy, scoping, execution, and deficiency evaluation
Minimum Year(s) of Experience: 5 years of IT controls auditing, consulting and/or implementing IT controls solutions
Minimum Degree Required: Bachelor's degree in one of the following: Accounting,Â Finance/Economics, ManagementÂ Information Systems,Â Computer Science, Business, Science, Technology, Engineering & Mathematics and/or a business field of study.