Risk, Audit and Compliance is an umbrella term for what is, essentially, three services; each of which provides businesses with assurance that they understand their risks and obligations, and allows them to act on deficiencies or opportunities.
Our Risk services provide an experienced team to look into a business’s operations with fresh eyes and with the understanding of industry best practice and current regulatory obligations. We adopt the processes from ISO 31000 along with any specific processes required under a business’ risk management processes. Inputs generally include inspections of business activities and key processes, interviews with business personnel and the review of documentation (including plans, procedures and records). Workshops may also be held with the client to work through each activity, the risks posed and the current controls in place. Generally, the outputs include a register identifying hazards, the consequence and likelihood of the hazards being realised (i.e. the risk), a rating of each risk (generally classified as low, moderate, high, extreme, or similar), and recommended actions to address each risk. Assessment of a business’s risk can also include identifying opportunities which may have otherwise not been understood.
Our Audit services involve an assessment of a business or project activities against a set of requirements over a set period. These can be corporate requirements, legislative requirements (e.g. approvals and licences), or industry standards. The inputs generally include inspections, interviews and document reviews, with an output generally being a report presenting an independent view on how the business or project is performing against the relevant criteria, along with recommended actions to address any deficiencies identified. We conduct all audits in accordance with ISO 19011, alongsideany specific business or regulatory requirements, and take a practical and pragmatic approach to provide clients with appropriate solutions and confidence.
Our Compliance services relate to WolfPeak assisting businesses to navigate their (often complex) environmental and planning compliance obligations. This generally involves a team member who is highly experienced and skilled in navigating compliance requirements working within a business, often by integrating into their teams, and developing processes and outputs to help ensure that compliance is achieved.