In today’s world, managing risk is a key success factor.
How do you manage risk?
Sometimes an outside perspective can truly add value to your own internal risk management strategy. Dean Dorton offers risk advisory expertise with the flexibility to provide services customized to meet your specific needs. Our risk advisory services combine in-depth industry experience, a collaborative, risk-based approach and flexible options – all designed to minimize risk without stifling legitimate growth opportunities. Our aim with any risk advisory engagement is to bring value to your organization.
Internal audit now has a more strategic role. No longer limited to focusing on processes and controls surrounding financial reporting, internal audit creates value by identifying organization-wide risks, leveraging synergies, monitoring and improving early warning of new risks and improving processes and efficiency. Dean Dorton will work with you to evaluate your current internal control environment and develop strategies to strengthen it to help reduce risks of fraud or material error, maximize operational effectiveness and identify opportunities to maximize profits.
Our experienced team can help to start an internal audit function, make improvements that increase the value of your current function or develop a world-class internal audit department. We will help you define internal audit’s strategic role within the organization. In many cases, the complex business environment demands that internal audit expand its activities, elevating its role to strategic partner in activities related to governance, risk and compliance, to improve risk identification and quickly identify threats.
Our objective advice and guidance can make it easier to achieve the desired results more quickly and give you a high degree of confidence in success. We use current best practices and a risk-based methodology based on the Committee of Sponsoring Organizations of the Treadway Commission (COSO) framework to gain the highest level of implementation efficiency and provide a solid foundation for your internal audit function.
Our technology consultants work closely with our audit teams to provide IT general controls testing and services on our audit engagements. We have worked to develop an IT general control framework that can be used to perform a general IT assessment for any organization. Our technology consultants are experienced in providing HIPAA security risk assessments, SOX 404 compliance and service organization control reporting. A unique difference between Dean Dorton IT auditors and other IT auditors is that, when we are not auditing, we are consulting and supporting daily IT operations. This gives us a unique hands-on perspective.
Enterprise Risk Management
An effective Enterprise Risk Management (ERM) program identifies and quantifies all risks – not just compliance-related risks – and establishes formal, end-to-end risk management processes Because ERM covers a wider spectrum of risk, a robust ERM program allows you not only to mitigate or avoid losses, but also to facilitate critical decision-making by evaluating uncertain events that could positively affect your business. ERM will also help you identify emerging risks more quickly and improve the capabilities of the risk management system to handle them. Our ERM teams assist you in adopting an enterprise-wide approach to analyzing and prioritizing risks and aligning them with your strategic goals. ERM services include:
- ERM implementation
- Governance and corporate culture
- Board of Directors evaluation or training
- Facilitated Risk Assessment
We know that “one size does not fit all” so we tailor our risk assessment process to meet your needs. Typically, a risk assessment includes:
- Identify risks that could significantly impact financial results and operations
- Categorize and prioritize risks
- Identify controls, processes, activities that mitigate risks
- Summarize results of risk assessments, validate with management
Our team of professionals provides forensic accounting services in conjunction with fraud investigations and litigation. We employ Certified Fraud Examiners who combine specialized forensic accounting experience with the core knowledge and skills that make us trusted business advisors. Our forensic accounting services can be applied in a variety of areas, including bankruptcy and insolvency, computer forensics, economic damages, fraud prevention, detection and deterrence, financial statement misrepresentation and valuations.