CSB - A Professional Services Firm

Risk Advisory Services:

Managing risk today is not what it used to be.  Technological innovation, globalization, complex regulation and increased accountability at the senior management and board levels have all combined to significantly change the landscape of risk management today.  Managing risk has become increasingly complex due to the new "Network Economy" and the emerging risks of e-business from online security to customer privacy.  The complexity also comes from the:

• Pervasive nature of information technologies,

• Increasing need for knowledge of local laws and customs,

• Evolution of trading markets,

• Higher accountability standards for boards of directors and senior executives,

• Unprecedented complexity of the regulatory environment, pressing firms for better risk reporting and more integrated and comprehensive risk management, and,

• Shortage of skilled personnel.

To help the market cope, new positions, tools, rules and even language have been created.  Most companies are creating new positions, such as internal auditor,  risk officer, and  security officer.  There also has been a proliferation of risk management software and other technology solutions as well as new regulation mandating certain risk management practices related to security, privacy, operations, compliance and economic exposures.  Indeed, the term "enterprise risk management" (ERM) has become part of the general business vocabulary.

CSB can provide clients with solutions from a full range of consulting and assurance services, from assessment to transformation, involving process redesign and technology implementation.  Our professionals are industry-based risk control specialists, who can help you  to not only assess risk but also transform your organization's risk management systems to make them more effective and help you avoid surprises.

Key Service Areas:

• Internal audit has changed dramatically in recent years, evolving from a traditional auditing role, with a charter of protecting enterprise value, to that of an internal consultant, with increasing organizationwide pressure to enhance shareholder value.

• Our internal audit professionals take a risk-based approach to internal audit to help clients improve performance and operating efficiency. We work closely and collaboratively with our clients, providing the full range of services-such as:

• helping to design a strategic plan for internal audit,

• reengineering existing departments,

• providing specialized resources, or,

• completely outsourcing the entire internal audit function.

Our professionals have the knowledge, technology, and experience across a broad spectrum of industries, along with a distinctive approach, that make us uniquely qualified to help.  We work closely with our clients to build world-class internal audit processes that become critical in helping management assess the current situation and strengthen the entire organization.