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Risk Advisory

Homepage / Risk Advisory

MBRK brings extensive expertise in Risk Advisory and Governance, offering a broad range of services such as Management Audits and Assurances. With highly trained partners and professionals, our Risk Advisory services deliver exceptional results.

Our Risk Advisory services include:

Internal Audit

MBRK specializes in Internal Audits with a risk-based approach, one of our core areas of expertise.

Developing and supporting a comprehensive governance, risk, and compliance framework.
Using a tested risk-based approach and in-depth process knowledge, including compliance reviews and fraud risk assessment.
Conducting stock audits to verify physical stock levels and ensure raw material quality, crucial as material costs comprise over 70% of product costs.

Approach:

Business Process Modeling

We leverage our industry experience to develop Standard Operating Procedures - SOPs.

Documenting processes to meet governance requirements and ensure sustainability.
Providing customized solutions through process diagnostics and reviews.
Supporting organizations in documenting SOPs, policies, and ensuring process efficiency.
Training stakeholders and conducting implementation reviews for sustained improvements.

SOX and IFC Compliance

MBRK professionals have extensive experience in SOX (Sarbanes-Oxley) and IFC (Internal Financial Controls) compliance.

Assisting companies in implementing robust SOX and IFC frameworks through detailed risk assessments.
Providing support in testing, updating controls, and ensuring smooth compliance audits.
Offering ongoing IFC testing and implementation services, crucial under the Companies Act, 2013, Section 143(3)(i).

Approach:

Stage 1: Diagnostic review of the existing IFC system, identifying material weaknesses.
Stage 2: Enhancing IFC systems, improving control procedures, and providing recommendations for better governance and efficiency.

Diagnostic Reviews

Comprehensive one-time reviews of transactions to improve operations, identify revenue leakages, and uncover cost-saving opportunities.

Focused on key management-approved areas for enhancing profitability and operational efficiency.

Concurrent Audits

Systematic, ongoing reviews of financial transactions to ensure accuracy, compliance, and procedural integrity.

Comprehensive system reviews to identify gaps and suggest improvements.
Ensuring compliance with approvals and policies, detecting inefficiencies, and arresting income leakages.

Pre-Payment Audits

MBRK ensures accuracy, reasonableness, and appropriateness in pre-payment reviews.

Conducting audits for project-related transactions to verify key controls.
Providing real-time feedback to project owners for mitigating risks like cost overruns and schedule delays.

By integrating in-depth knowledge, customized solutions, and a collaborative approach, MBRK delivers value-driven Risk Advisory services designed to enhance organizational governance, efficiency, and compliance.