Risk Advisory Services
Transform Risk into Opportunity
In today’s environment — where cyber threats evolve daily, regulations tighten, and AI introduces new unknowns — effective risk management is no longer just a back-office concern. It’s what separates resilient organizations from reactive ones.
Whether you need an outsourced internal audit partner, SOX compliance support, fraud prevention, or cybersecurity assessments, our team delivers expertise tailored to your organization’s environment, processes, and technology.
Contact us today
What Sets Us Apart
At ²ÝÝ®ÊÓƵ, our Risk Advisory Services team boasts a breadth and depth of experience, whether you’re a private company, ÌýSEC registrant, a public sector entity, or highly regulated we can help to:
- Reduce risk exposure
- Improve compliance
- Enhance efficiency
- Enable stronger decision-making
- Improve stakeholder confidence
- Enhance Information Technology (IT) security
What Clients Tell Us
“²ÝÝ®ÊÓƵ brings Big 4-caliber team members to the table, but at a more competitive cost, which is a huge focus for our business given the challenging headwinds facing our industry.” — VP Internal Audit, Fortune 500 Company
Internal Audit Services
Whether your organization has an established internal audit (IA) function or is just building one, ²ÝÝ®ÊÓƵ can help.ÌýEach solution is tailored to your entity’s specific risk profile and focuses on the core elements of IA: assurance, insight and objectivity.
Our internal audit services include:
- Comprehensive risk assessment and audit planning
- Internal audit plan development and execution
- Documentation, testing, and remediation of internal controls
- Audit Committee and Board education
- Quality assurance and external quality assessment (EQA) support aligned with Institute of Internal Auditors (IIA) ÌýGlobal Internal Audit Standards
- IT audit integration within the internal audit program
Complying with IIA Standards
The IIA’s updated Global Internal Audit Standards (effective January 2025) and ongoing release of topical requirements raise the bar for audit quality, objectivity, and risk coverage. Our team helps internal audit functions align with these requirements — whether through co-sourcing support or independent quality assessments.
Internal Controls & SOX / ICFR Compliance
The integrity of your financial reporting depends on the strength of your internal controls over financial reporting (ICFR). A well-designed control environment helps prevent and detect financial misstatements — and is central to compliance with Sarbanes-Oxley (SOX) and Federal Deposit Insurance Corporation Improvement Act (FDICIA) requirements.
²ÝÝ®ÊÓƵ’s professionals are experienced across complex organizational structures, information systems, and industry-specific challenges — including mergers and acquisitions, new system implementations, and evolving accounting standards.
Our SOX and internal controls services include:
- Initial SOX 404 or FDICIA program implementation
- Process documentation and control design
- Internal control design and operational effectiveness testing
- Control remediation and gap resolution
- Program management organization (PMO) support
- ICFR training for control owners and management
How do I improve internal controls?
Start with a risk-based assessment of your current control environment to identify gaps, redundancies, and design weaknesses. ²ÝÝ®ÊÓƵ’s team helps you build a control framework that is both effective and efficient — eliminating unnecessary burden while closing real exposure.
Enterprise Risk Management (ERM)
Effective enterprise risk management gives leadership a clear, prioritized view of the risks that matter most — and a structured approach for monitoring and responding as conditions change.
Our ERM services include:
- Enterprise risk assessment
- Risk-leveling and prioritization
- Organizational governance reviews
- On-going governance processes for monitoring and response
Digital disruption, emerging technologies and AIÌýare among the fastest-growing categories of enterprise risk. Our team helps organizations assess and govern the risks introduced by artificial intelligence (AI), automation, and digital transformation — ensuring innovation doesn’t outpace accountability.
IT Audits
Your technology environment is only as strong as the controls governing it. ²ÝÝ®ÊÓƵ’s IT audit professionals evaluate your IT general controls and assess your environment against industry standards — providing clear findings and actionable recommendations.
IT audit coverage areas:
- IT general controls: access management, change management, IT operations, and system development life cycle (SDLC)
- Documentation and testing of IT control processes
- Logical access and access review processes
- Network architecture and security log monitoring
- Backup and contingency planning / disaster recovery
- Mobile device administration
- Antivirus and patch management
IT audit is typically integrated into internal audit programs and SOX/ICFR engagements, providing end-to-end assurance over technology risks.
Cybersecurity, Vulnerability Assessments & Penetration Testing
“How do I ensure we won’t be the victim of a cyberattack?”
The answer starts with knowing where your vulnerabilities are — before attackers find them. ²ÝÝ®ÊÓƵ’s cybersecurity professionals perform rigorous, hands-on assessments to identify weaknesses in your systems and help you close them.
Cybersecurity services include:
- Cybersecurity risk assessments and consulting
- External, internal, and wireless vulnerability assessments
- Penetration testing (external, internal, web application)
- Social engineering assessments (phishing simulation, phone-based, in-person)
- Information Security Program reviews
- IIA Cybersecurity Topical Requirement compliance support
Social engineering
Human behavior remains one of the biggest cybersecurity risks. Our social engineering simulations test whether your team recognizes and responds appropriately to real-world attack scenarios — and provide targeted training to reduce susceptibility.
AI and emerging technology risk
As organizations adopt AI tools, the attack surface expands. ²ÝÝ®ÊÓƵ helps assess AI-related security risks, data governance exposures, and controls over automated decision-making.
Cybersecurity assessments
Ready to proactively manage your organization’s risks? Contact ²ÝÝ®ÊÓƵ’s Risk Advisory Services team today for a cybersecurity assessment.
Contact Jessica Dore for IT related advisory services.
Fraud Risk Assessment & Prevention
“I’m concerned that fraud could happen — and I wouldn’t know until it was too late.”
Fraud risk exists in every organization. The question is whether your controls are strong enough to prevent it — and whether you have the detection mechanisms in place to catch it quickly when prevention falls short.
Our fraud and forensic services include:
- Fraud risk assessments aligned with the ACFE’s Fraud Risk Management Guide
- Design and evaluation of anti-fraud controls
- Fraud and forensic accounting for investigations and litigation
- Business interruption calculations
- Whistleblower program effectiveness reviews
A proactive fraud risk assessment identifies where your organization is most exposed — before an incident occurs.
Regulatory Compliance
Regulatory requirements continue to multiply across industries. ²ÝÝ®ÊÓƵ’s compliance professionals provide industry-specific expertise to help organizations navigate an ever-changing landscape.
Compliance services include:
- Financial institution regulatory compliance (banking, credit union)
- Industry-specific regulatory gap assessments
- Compliance program design and monitoring
Outsourcing Strategies
One of the most important — and often overlooked — decisions in building an internal audit function is how it’s resourced. There is no one-size-fits-all answer. The right model depends on your organization’s size, budget, existing capabilities, and risk profile.
Just-in-Time
Just-in-Time
Provides flexible, on-demand internal audit support for specific projects or peak periods. Organizations access specialized expertise only when needed, helping control costs without long-term commitments. This approach is ideal for addressing short-term gaps or highly targeted initiatives.
Learn moreCo-Sourced
Co-Sourced
Combines internal audit staff with external specialists to create a balanced, scalable team. It enhances capabilities and coverage while maintaining institutional knowledge and continuity within the organization. This model supports efficiency while strengthening overall audit quality.
Learn moreFully Outsourced
Fully Outsourced
Transfers the entire internal audit function to a third-party provider. This eliminates the fixed costs of recruiting, training, and retaining an in-house team while leveraging consistent expertise and established methodologies. It is well-suited for organizations seeking comprehensive, turnkey audit support.
Learn moreFrequently Asked Questions
Success Starts Here
Managing risk doesn’t have to be overwhelming. With our expert guidance, we’ll turn it into a strategic advantage that propels your organization forward.
Contact us today to learn how ²ÝÝ®ÊÓƵ can help manage and mitigate risk as your organization’s grows.
