Think about all the opportunities you know about in your business. Now think about the risks—the things that could damage your organisation forever. Which are you more aware of?
If you’re like most decision makers then the chances are you are more focused on opportunities than risks, which can lay you open to unforeseen problems.

Get wise to the potential challenges you may face with help from our Business Risk team, which can help you take decisions confidently and seize new opportunities in full appreciation of your business risks.

We will establish an integrated Risk Management process to help you obtain a complete picture of the risks you face as you pursue your business objectives.
This will allow you to assess the risks in terms of their impact, likelihood and priority and identify any risk control activities. We will also develop an action plan to manage the risks that threaten your organisation.

Our Business Risk team can provide:

• Business process and systems assurance (including internal audit, compliance and risk management)
• Sarbanes-Oxley and related activities (SAS 70 and AAF 01/06)
• Business continuity reviews
• Fraud prevention and detection
• Information protection.

If you are interested in learning more about our Audit Services, contact a member of our Audit Team. 

The current downturn has resulted in a fall in consumer confidence and spending and, as a result, cash and the bottom line are king. Companies are seeking to maintain and/or grow profits through working capital management and operating efficiency and are also looking to reduce their cost base.

Our cost reduction services includes:

• Working capital management insights
• Cash management and liquidity
• Assistance in financial modelling
• Outsourcing
• Management accounting
• Controls
• Contract review/compliance
• IT systems review.

If you have concerns about potential fraud or have discovered it in your business, it’s vitally important you respond quickly and bring in the experts. A rapid response could be critical to the success of any investigation.

Our highly skilled team of fraud experts have a range of backgrounds in forensic accounting and we exercise complete discretion throughout our engagement.

We will work with you to uncover the fraud, interview staff and suspects and take appropriate action to protect your business.

We work closely with BDO colleagues at our member firms worldwide to provide expertise across the globe.

To minimise the chances of reoccurrence our risk specialists can put fraud prevention measures in place which will strengthen your business against the threat of economic crime in the future.

If you are interested in learning more about our Audit Services, contact a member of our audit team.

In the current turbulent times, stimulating growth and innovation for both Irish indigenous companies and international companies with a presence in Ireland will be paramount in helping the Irish economy survive and develop through the inevitable future upturn. Certain government agencies will provide assistance through the provision of both grant aid and capital injection and through varying forms of equity investment.

We can provide you with value-added assistance in a number of ways:

• We can guide you in identifying the types of funding available to your company
• We can provide the requisite accounting report to accompany the grant application submitted to the relevant government agency.

Many of our clients have been surprised by the sheer diversity of grant aid available to their companies and at the levels of grants achieved, which have significantly improved their bottom line.

If you are interested in learning more about our Audit Services, contact a member of our audit team.