Risk Management

Recent corporate scandals have made it increasingly necessary for business owners and executives to communicate, document, understand and mitigate their fraud risk. The Sarbanes-Oxley Act of 2002 and the Statement on Auditing Standards #99 (SAS#99) have created new financial reporting requirements for publicly traded companies. The advisors at EKS&H have the expertise and resources to help clients comply with these complex requirements.

Our risk management services include the following:

Internal control documentation – The professionals at EKS&H provide assistance with or full implementation of documenting internal controls over financial reporting (SOX 404) as required of all publicly traded companies. This process includes risk assessment, business process and control documentation, control remediation and control testing.

Internal audit – EKS&H’s experts provide assurance services designed to establish a level of comfort for clients regarding their risk management, governance and internal control systems. Internal audit services may also include required ongoing monitoring and testing of existing SOX 404 documentation for publicly traded companies.

SAS#99 audit planning – To comply with established standards for financial statement audits, the professionals at EKS&H identify fraud risk areas that we utilize as part of the planning process for audit procedures and tests.

Benefits clients gain from our risk management services include:

  • compliance with regulatory and stock exchange requirements
  • potential for outsourced expertise to be more effective and efficient than in-house employees
  • ability to comply with internal control documentation requirements if management lacks time or extensive risk management expertise
  • unbiased and independent approach to risk management
  • evaluation of process efficiency

For more information about EKS&H’s risk management services, please call (303) 740-9400 in Denver or (970) 282-5400 in Fort Collins.