Risk Advisory

Risk management for your company’s success

Risk advisory services help protect valuable assets and enable companies to confidently pursue growth opportunities, innovate, and maintain the trust of their customers and stakeholders. Investing in risk management is not just about defense – it’s a strategic move that empowers organizations to thrive in a competitive market.

It helps drive profitable growth for your business, identifying and efficiently mitigating financial, operational, fraud, and regulatory risks that can derail even the best high-growth companies. Our team enables you to manage the cost of compliance and address talent shortages by providing experience and expertise where and when you need it instead of hiring it full-time. We collaborate with leadership to help identify and execute areas of improvement for the organization with a customized approach. This helps to mitigate risks for your management team, board of directors, and investors. Our auditors-and-advisors model means that we can help you stay on top by:

  • Improving your accounting for complex transactions like acquisitions, divestitures, or joint ventures
  • Designing accounting for new products, services, and technologies
  • Remediating control deficiencies
  • Identifying opportunities for efficiency and automation in your processes and controls
  • Supporting your organization as a co-sourced or out-sourced internal audit function
  • Helping identify and mitigate potential technology risks
Accounting and Reporting
Accounting and Internal Controls

Our team applies specialized accounting knowledge and expertise to help companies navigate complex accounting issues, regulatory changes, and financial reporting requirements. We help you apply accounting standards to new and complex business transactions with guidance, interpretation, and audit-ready documentation. In today’s world, every high-growth company is innovating constantly. They launch new products and services, acquire or sell businesses, implement new technology, explore new opportunities like embedded financial services, and more. The demands placed on CFOs and controllers have never been higher, and the shortage of CPA talent for in-house teams is more acute. Our team is here to support your organization with agile and available expertise when you need it most.

Governance, Risk, and Controls

While it can be tempting to think of risk management functions and internal controls as an expensive speed bump to growth, they can be powerful enablers for high-growth companies. Effectively designed processes and controls help companies manage the financial, operational, and regulatory risks that range from embarrassing to existential. Our governance, risk, and control services help organizations develop and improve effective processes while mitigating risks without the cost and distraction of constantly fixing audit, compliance, or regulatory findings. Our team is prepared for situations that require immediate attention. We can help your team understand audit or regulatory requirements, provide insight into leading practices, and overall assist in innovative solutions, all while anticipating and exceeding the expectations of your board, auditors, and regulators.

Outsourced and Co-Sourced Internal Audits

Outsourcing or co-sourcing the internal audit function is a cost-effective way to manage the requirements of a Three Lines of Defense system of internal controls. It also helps mitigate staff turnover and shortage risks and embed outside expertise into your company’s self-assessments. Our team has experience establishing internal audit functions, transitioning to outsourced or co-sourced models, supplementing internal teams in specific audit areas, re-evaluating risk assessments and audit plans, and identifying efficiency opportunities in internal audit functions. In addition, our CPAs also have expertise with private companies, navigating the FDICIA, Sarbanes Oxley 404 (SOX), and other standards.

Technology

Technology services involve identifying, assessing, and mitigating risks associated with an organization’s information technology infrastructure and systems. These services focus on safeguarding critical data, managing compliance with regulations, and protecting against cyber threats. Our team helps organizations minimize potential disruptions, protect sensitive information, and maintain business continuity by conducting comprehensive risk assessments and certifications and implementing robust controls.

Risk Advisory Services:

Accounting and Reporting

  • Chief Financial Officer on-call support
  • Technical accounting and policy support
  • Financial reporting and disclosures
  • Audit readiness

Governance, Risk, and Controls

  • Chief Risk Officer on-call support
  • Process, risk, and control design
  • Deficiency remediation
  • SOX or FDICIA readiness

Internal Audit

  • Chief Audit Executive on-call support
  • Risk assessment and audit planning
  • Internal audit design, implementation, and efficiency
  • Outsourced or co-sourced testing

Technology

 

  • CIO and and CISO on-call support
  • Cyber, data, and privacy risk readiness and management
  • IT SOX, SOC I, SOC II readiness and reporting
  • Process improvement and automation

Contact us

Calvetti Ferguson works with companies, private equity firms, and high-net-worth individuals nationwide. Regardless of the complexity of your compliance, assurance, advisory, or accounting needs, our team is ready to help. Please complete the form below, and we will follow up with you shortly.