Published on February 20, 2014
Assurance and Risk Management Building trust. Enhancing performance. www.ascentor.ro
Assurance Building trust in your business ANB Consulting, our audit firm, is one of the first ten audit firms registered with the Chamber of Financial Auditors of Romania (CAFR). We are also an ACCA member and ISO 9001 certified for financial audit and internal audit. No. 2545738 No. 10/2001 Registrations are under ANB Consulting SRL Financial audit We provide audit and assurance services designed to deliver value and ensure confidence of investors, regulators, business partners and lenders in your business: • Audit of statutory financial statements (OMFP 3055/2011) • Audit of IFRS, US GAAP and group reporting financial statements • Advice on controls and process weaknesses and/or non-compliance Attestation and other non-audit assurance We address the most complex financial audit engagements in various industries : • Attestation of corporate and management reporting • IFRS reporting • Regulatory reporting • Agreed-upon-procedures (ISRS4400) and attestation (ISAE3000) engagements • Project audits • Compilation of financial statements and forecasts • Accounting advisory • Risk assurance • Sustainability reporting ASCENTOR – Assurance & Risk Management 2
Internal Audit Transformation from a watchdog to a trusted business advisor Internal audit is not just a watchdog of activities and internal controls within an organization, it is also a business catalyst, and, if done right, can provide valuable advice to management and the board of directors. ASCENTOR can help you integrate compliance, controls and risk management activities with your vision, mission and shareholder expectations, delivering real value and performance improvement. Internal audit Capacity building The practical and business oriented internal audit We can help your internal audit department deliver real approach positions us as trusted advisors to the and continuous value, thus becoming a trusted business board and shareholders: advisor to top management and the board: • Full internal audit outsourcing • Development of the internal audit department • Internal audit co-sourcing (e.g. acting as head of • Trainings to internal auditors in specific matters internal audit or leading specific internal audit missions) • Risk assessment for internal audit purposes • Design and implementation of an internal audit framework, including policies and procedures • Reduction of compliance program costs • Operational audits (e.g. procurement reviews, working capital, treasury, HR, sales & marketing) • Special ad-hoc audits and investigations • Sarbanes Oxley Section 404 readiness assessments ASCENTOR – Assurance & Risk Management 3
Governance and Compliance Are you in control of your business? As risks threaten strategic objectives related to growth and profitability, executives are realizing the importance of implementing good governance practices to facilitate proper oversight of the business and ensure compliance with changing regulations. ASCENTOR provide services that are designed to help you create and maintain value and enhance management of strategic, regulatory, financial, operational and compliance risks on a sustained basis. Governance services We can help you assess and mitigate the fraud risks specifically applicable to your business: • Definition and implementation of corporate oversight framework, roles, responsibilities, codes of conduct, policies and procedures • Board and committee assessments • Board development programs on specific topics, such as risk oversight, crisis management, performance assessments, and executive compensation Regulatory compliance We can consistently and proactive strengthen your organization, instead of having to react to the next regulatory matter: • Internal controls improvement in corporate and regulatory reporting • Employee training • Assurance of compliance with ethical and regulatory standards • Regulatory risk profile through strategic benchmarking of competitive position and performance • Sustainability, health and safety ASCENTOR – Assurance & Risk Management 4
Enterprise Risk Management Mitigating business risks in a challenging environment Many organizations are not getting the full value out of their businesses because their risk management processes are disconnected and information is not shared. One of the most frequent arguments we have heard over the years is that risk management slows down a business. On the contrary; if done right, we believe that it can make your business go faster and help you achieve your strategic objectives while minimizing costs. We can make it happen for your business. Strategic Risks Operational Risks Fraud and Misconduct Risks Financial Risks Sustainability, Health and Safety Risks Regulatory and Compliance Risks Human Resource Risks Our services We provide the following services: • Definition of the risk universe applicable to your business • Assessment of enterprise risks • Assistance in risk mitigation • Diagnostic and improvement of the risk management processes • Assessment of strategic and commercial compliance and direction of your organization • Risk management tools and dashboards • Assistance in optimal technology utilization for achieving your business strategy • Assistance in revenue assurance and loss prevention • Project assurance and assistance in project management • Compliance assistance in large scale investment projects • Business controls assurance and optimization • Commercial due diligence and assurance, including contract compliance services • Third party assurance in the form of ISAE3402, SSAE16 or SAS70 reporting • IT and process controls assurance • Finance and operations risk transformation ASCENTOR – Assurance & Risk Management 5
IT&C Risk Consulting Managing your technology risks and attesting your systems In today’s complex and changing technology landscape, no business is immune to IT and communication risks. ASCENTOR can help you identify and mitigate your technology risks, ensure compliance with worldwide standards of IT management and oversight, and present credibility and trust to your business advisors through systems attestation. Systems attestation Our team of Certified Information Systems Auditors (CISA) can perform attestation engagements in order to bring credibility to your IT&C systems and platforms in the face of business partners, regulators, government agencies and customers: • Attestation of management assertions on IT&C systems (functionality, capacity and scalability, privacy and security, etc.) • Compliance reviews in line with COBIT, ITIL, Technology risk & governance We can help you better manage your IT&C risks and implementation projects: • Development of IT&C procedures for users and IT personnel • IT&C risk assessment ISO27001 standards • ISRS440 / ISAE3000 attestation engagements • Attestation of internet banking and electronic payments systems in line with National Bank of Romania requirements • Software, system and service provider selection • Business continuity planning • Reorganization of the IT&C management structures and processes in line with COBIT and ITIL standards • IT&C strategy development • PMO and compliance management in large-scale IT&C implementation projects • Assistance in post-deal IT&C integration ASCENTOR – Assurance & Risk Management 6
Contact Prof. Dr. Eden Ali Audit, transactions, expert accounting, litigation support, training firstname.lastname@example.org Dan Iancu Strategy, operations, finance, transactions, change management email@example.com Kemal Özmen Forensics & litigation support, risk management, processes and controls, IT advisory and audit firstname.lastname@example.org Radu Văcărelu HR and change management email@example.com Nadir Ali Audit, internal audit, risk, operations, finance firstname.lastname@example.org ASCENTOR Business Services SRL Phone / fax: e-mail: Web: +40 21 319 5354 email@example.com www.ascentor.ro Office address 12A Docentilor Street, Sector 1 RO-011403, Bucharest, Romania Trade Registry: J40/1847/2014 CUI: 32799705 Copyright 2014 ASCENTOR Business Services SRL. The information contained in this presentation is provided for general guidance and is intended to offer the reader general information of interest about the firm ASCENTOR Business Services SRL and its services. The information provided is not intended to replace or serve as substitute for any audit, advisory, tax or other professional advice, consultation or service. You should consult with an ASCENTOR Business Services SRL representative to obtain such services. Building trust. Enhancing value.
Building trust Enhancing performance www.ascentor.ro
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