Organizations are exposed to significant risks – both internal and external – that must be identified, controlled, and minimized.
There are many key issues that companies cannot ignore, namely:
- Internal information
- Control processes
- Key contracts with vendors and clients
- Negative environmental impacts
- Money laundering regulations
- Business continuity
It's necessary to achieve an appropriate balance between existing risks and implemented controls. RSM El Salvador has a team of specialists with broad expertise in risk advisory, prevention solutions, and damages/fraud investigation.
Read on to find out more about the risk management services we can provide and how we can shape our support to suit your organization.
Our risk advisory services
Our risk management specialists are well versed in a wide range of areas, including business planning, HR management, and internal auditing. You can find further detail on the scope of our services outlined below.
IT and administrative auditing
Provides diagnosis and review of internal controls to establish and implement the required fraud prevention and detection mechanisms.
Several companies that are subsidiaries of companies listed in U.S. stock exchanges or U.S. securities markets are subject to the U.S. Securities and Exchange Commission (SEC) regulations. We offer risk advisory services aimed at assisting companies to comply with the 2002 Sarbanes-Oxley (SOX) Act requirements, which include internal controls and IT processes documentation, testing, and evidence.
Organizations are exposed to external threats such as contracts with third parties, the local and international markets they operate in, as well as the credit and exchange market. RSM El Salvador’s risk management specialists diagnose and help minimize these through the application of tools and methods that are appropriate for each business.
IT security is a key aspect for organizations. Databases, access to information, password management, systems operation and sustainability, efficiency in data circulation, detection of vulnerabilities in the information and systems, physical security and control, and validation of IT applications are all matters that require tailored risk advisory solutions. An effective audit of IT security may prevent eventual failures that could have a highly negative impact on the company's operations.
Criminal investigations and damage quantification
In many circumstances, the damage or fraud suffered by a company must be identified, investigated, documented, and quantified. We apply different proven methods to help you with criminal investigations.
The harm that any organization may cause the environment must be appropriately controlled, minimized, and offset. Our team of experts can help you implement programs to minimize environmental damage in accordance with applicable regulations.
Consulting in money laundering detection and control
International and local regulations establish substantial obligations that organizations must comply with regarding money laundering detection and control. The Financial Investigation Unit (UIF) is the competent authority in El Salvador. We have the specific tools to counsel on this matter and help companies implement the appropriate administrative processes to avoid inherent risks.
Planning for business continuity
This encompasses an appropriate evaluation of the effectiveness of risk administration in businesses, as well as governance control and processes to protect shareholders' value and the future projection of the company.
Why come to RSM El Salvador for risk management solutions?
We’ll take the time to get to know your business and the threats it faces – both on a regular and ad hoc basis. That understanding allows us to shape our risk management services in a way that best suits your organization, and we’ll work together to implement those measures effectively and efficiently.
We can offer risk advisory solutions on an international scale too, thanks to RSM’s global network of 860+ offices in 123 countries around the world. So, if you’re facing challenges in multiple jurisdictions, we can call on our colleagues and tap into that local level of knowledge.
From internal auditing services and HR management support to business planning and risk-orientated internal control, our key values form the foundation of everything we can do. If you’d like to know more, you can read all about us right here.