Risk assurance

Helping organisations strengthen governance, achieve compliance, and build confidence through tailored risk management solutions.

Tailored solutions: Offering a flexible audit services customised to your organisation’s needs.

Comprehensive risk coverage: Assessing strategic, operational, financial, and behavioural risks.

Best-practice approach: Following IIA (Australia) standards for reliable results.

Enhance performance with proactive risk assurance

In today’s complex and rapidly changing environment, risk is unavoidable—but it can be managed effectively.

At RSM Australia, our risk assurance services help organisations strengthen governance, achieve compliance, and build stakeholder confidence. With a proactive approach to risk management and assurance, we provide clarity and control so you can focus on achieving sustainable growth.

Why risk assurance matters

Businesses across Australia face increasing risks—from cyber threats and financial reporting challenges to regulatory change and operational disruption. Implementing the right risk assurance framework ensures:

Strong governance and internal controls.
Compliance with Australian regulations and standards.
Reliable financial and non-financial reporting.
Enhanced efficiency and performance.
Greater trust from investors, regulators, and customers.

Working closely with boards, executives, and audit committees, we deliver independent insights and practical recommendations.

Explore our key offerings

Enforceable undertaking – Independent audit services

We offer independent audit services as part of enforceable undertakings under section 87B of the Competition and Consumer Act 2010 (CCA), which allows the ACCC to accept written undertakings when breaches are suspected.

A key requirement of these enforceable undertakings is implementing and monitoring a compliance program via independent audits. RSM has been acting in this role since 2006, offering audit services tailored to ACCC expectations — evaluating internal control frameworks, policies, procedures, and management’s compliance measures. Their methodology follows a six-stage approach:

initiation
discovery & risk assessment
stakeholder engagement
planning
establishment and periodic audits
reporting

Sarbanes-Oxley Consulting

We assist C-registered companies (or their subsidiaries) comply with Section 404 of the Sarbanes-Oxley Act by developing comprehensive plans to document, test, and report internal controls over financial reporting.

The service includes assessing controls (including IT processes), helping management meet its legal obligations, and utilising tools developed in collaboration with RSM’s U.S. network.

Financial services and anti-money laundering

We help financial institutions navigate complex regulatory environments and mitigate compliance risks.

With nearly a century of experience, RSM offers tailored solutions to address the unique challenges faced by financial services organisations.

Key services include:

Internal Audits: Outsource or co-source your internal audit function to experts who understand the unique challenges you face.
Non-Financial Risk, Culture, and Wellbeing Consulting: Have an independent third party assist with framework development and behaviour management so your business can operate at peak performance.
Regulatory Compliance: Meet ASIC, AUSTRAC, and APRA expectations for a centralised compliance management system that includes independent testing and helps you achieve long-term compliance.

Partnering with RSM allows financial services organisations to de-risk operations by leveraging expert advisory services and ensuring robust compliance frameworks.

Royalty audits

RSM Australia's Royalty Audits service helps intellectual property owners ensure compliance with licensing agreements by identifying underpaid royalties.

Their experienced team investigates issues such as non-allowable deductions, below-market transfer pricing, and misinterpretation of contract terms. By conducting thorough audits, RSM assists clients in recovering lost revenue and strengthening their licensing arrangements.

CONTACT US

Get in touch with the risk assurance team

Taking steps to manage risk today ensures you protect your business and its operations in the future.

First Name

Last Name

Company

Email Address

Phone

Nearest RSM office

Services required

Enquiry

								
																												We understand that each client is unique, so we avoid a one-size-fits-all approach and instead, we adapt to suit your needs. This is the Power of Being Understood.

As a trusted partner for digital transformation both in Australia and around the world, we have proven experience supporting businesses to reach their full potential.

Our team combines digital expertise with industry knowledge to provide tailored solutions for your business. We can help you navigate the tech landscape and achieve a successful digital transformation focused on long-term growth.

Experience with Australian and global markets

RSM Australia is part of a worldwide network of experts in assurance, tax, and consulting, with offices in 120 countries. With over a hundred years of experience in Australia, we combine global knowledge with local understanding to provide exceptional value to our clients.

FAQ's

How does risk assurance differ from risk management?

While both focus on addressing risks, risk management involves identifying, assessing, and implementing measures to prevent or mitigate risks within an organisation. Risk assurance, on the other hand, provides independent and objective verification that these risk management processes and controls are effective. Essentially, risk management is about doing, while risk assurance is about checking and validating that it’s done properly.

How do assurance reviews contribute to better risk assessment?

Assurance reviews provide independent, objective insights into an organisation’s controls, processes, and risk management practices. By evaluating the effectiveness of existing measures, these reviews help identify gaps, weaknesses, or emerging risks that may not be apparent internally. This enables management to make more informed decisions, strengthen controls, and improve overall risk assessment and mitigation strategies.

How does risk assurance improve decision-making in businesses?

Risk assurance provides independent and objective insights into an organisation’s risk exposures, controls, and compliance practices. By highlighting strengths, weaknesses, and potential threats, it equips management and boards with accurate, reliable information. This clarity enables more informed, confident, and strategic decision-making, helping businesses reduce uncertainty, protect value, and pursue growth opportunities.