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Audit & Assurance

Risk Management Audit in Bangladesh

A risk management audit helps an organisation achieve its objectives through a disciplined, systematic approach to evaluating and improving the effectiveness of its risk management. Risk, in this context, is the threat that an event, action or inaction will adversely affect the organisation's ability to meet its goals. FM Consulting International examines how well those threats are identified, analysed and controlled, and recommends the precautionary measures needed to keep them in check.

What we assess

We review the critical control systems on which the organisation depends and judge whether it is managing threats to its business objectives effectively. Our work spans the identification and analysis of potential risks and the design of practical precautionary measures, giving management an informed basis for deciding how each risk should be handled.

Our approach

FMCI supports management in making sound risk decisions — whether to avoid, share, reduce, mitigate or accept a given exposure — and provides guidance and education to staff. We promote risk-based controls through formal recommendations, verify that insurance cover is adequate, and evaluate training, inspection and operational procedures to expose any gaps. Frameworks such as Sarbanes-Oxley reinforce the role of internal audit in this kind of risk assessment.