Manage Financial and Agency Operational Risks More Effectively
An organization’s undetected risk can threaten its finances and present barriers to achieving its mission. A range of factors – from internal processes and controls to data, information technology (IT) systems, and even employees – can increase your vulnerability to risk.
For more than 60 years, Crowe Horwath LLP’s in-depth knowledge and expertise have been helping organizations protect themselves and achieve their objectives cost-effectively and efficiently. Our experts in risk management, internal audit, IT audit, finance, forensics and fraud, compliance, and security and privacy help agencies reduce and manage unwanted risks while satisfying requirements for compliance, quality, and assurance. Crowe helps with the following core objectives:
Identify areas of risk. Our holistic approach to enterprise risk management evaluates the entire organization, using common methods and processes. Crowe helps agencies implement more effective and strategic risk management processes to identify, prioritize, and mitigate risk.
Obtain an accurate, efficient, and risk-based financial audit. The knowledge we’ve gained from decades of audit experience allows us to identify higher risk more efficiently. Our unique approach places a strong emphasis on understanding your accounting, compliance, and technology controls, using analyses performed during the planning phase of every audit.
Assess information technology systems and implement necessary safeguards. Crowe works with organizations to identify potential information technology (IT) risks, develop custom IT audit plans based on the results of the technology risk analysis, and implement control solutions to help manage risk.
Conduct analysis to formulate financing strategy. As governments consider a range of financing options, Crowe’s expertise in economic impact assessments and mechanisms like tax increment financing (TIF) can help leaders determine the most prudent course of action.
Reduce your exposure to fraud. We work with governmental organizations to create a defense strategy for identifying, mitigating, and managing fraud risks. Crowe’s proven fraud prevention and detection strategy delivers an integrated set of solutions that helps reduce fraud exposure, enabling our forensics experts to uncover the root causes of problems and help prevent other incidents.
Verify compliance with state and federal guidelines. Our comprehensive compliance solutions help organizations understand complex regulations, identify issues, evaluate internal control structures, and define and implement a corrective action plan.
Implement measures to promote data security and privacy. Crowe conducts comprehensive evaluations of all systems and processes to protect assets, sensitive information, and IT systems and data.
Protect Your Investment in Large and Complex Projects. Crowe provides independent verification and validation (IV&V) services to state and local government organizations to help keep large or complex projects on schedule and within budget. Our professionals combine technology, project management, and process expertise to help clients identify and assess potential issues, mitigate risk, and avoid costly rework and delays while remaining independent, trusted advisers.