Today's business and risk landscape presents both great challenges and opportunities. PwC's global network of Risk Assurance professionals combines deep cross-functional expertise and leading technologies to improve visibility into risks, respond with agility and drive greater preparedness for the future.
IT Audit, Risk and Resilience
As the business environment becomes more complex, resilience continues to climb the agenda of organisations. There has been countless examples of businesses brought to their knees by a lack of foresight or poor IT control environment and crisis management. These events highlight the shortcomings of traditional risk management and lack of capabilities, tools and approach in organisations needed to survive and prosper in an age of uncertainty. IT resilience builds on the principles of business continuity and information security but extends much further to help enhance your organisation’s immune system so you are able to tackle challenges, fend off illness and bounce back more quickly.
Internal Audit services
PwC Internal Audit services brings the full range of the specialty skills and industry experience to bear to give our clients the confidence and insights they need as they execute. The systems, capabilities and collective knowledge we deploy, can deliver sharp and objective insights and high value to our clients.
Trust and transparency solutions
Many organisations depend on third party service providers for a range of critical services and support including hosting or managing financial and non-financial information, providing critical business functions and delivering on major infrastructure initiatives.
You can stay competitive by using multiple customer and vendor relationships and accessing specialised solutions and skills. However, this advantage offers challenges around protecting your reputational, financial, operational and compliance requirements as your dependence on third parties increases.
Your management, board and shareholders demand confidence in the controls and compliance capabilities of suppliers, vendors and service organisations. They expect that you have the processes in place to effectively oversee third party arrangements.
Organisations can effectively communicate accurate information about their risk management and controls framework through a controls assurance report. Through a broad range of assurance reporting services such as ISAE 3402, ISAE 3000, SOC 1, SOC 2 and Agreed Upon Procedures, we can help you assess your control posture with a focus on controlling costs, mitigating risk and enhancing trust and transparency.
We can help you:
- Provide the comfort and assurance your customers, suppliers, regulators and additional stakeholders need;
- Prepare objective reporting about your control environment on which multiple customers and auditors can rely; and
- Identify weaknesses and risks.
Operational Risk Management
As companies grow, innovate and embrace digitalisation over time, they must set up and maintain agile practices in the management of their operational risk.
This includes the effectiveness and efficiency of their control environment to facilitate informed decision making, achieve strategic goals and meet the rising expectations of both internal and external stakeholders, such as regulators, investors and consumers.
The Operational Risk Process is articulated over five pillars:
- Risk appetite
- Risk identification
- Risk assessment
- Risk mitigation
- Risk monitoring
PwC brings together experience across all operational risk management components to help you take the best of an efficient Operational Risk Management.
Data Assurance
The volume and variety of data has increased exponentially in recent years, revolutionising the decision-making process. Intuition is no longer acceptable for executives when making big decisions. The real challenge comes in converting data into a more comprehensible and user-friendly format, creating actionable insights and applying these to transform your organisation.
Knowing that the data you hold is fit for purpose and well-managed is key - this allows you to determine how to analyse data and to be confident in the decisions you make.
Digital transformation dramatically accelerated over the past months as a response to the pandemic. In such circumstances, ensuring that your data migration to new IT infrastructure and systems is properly managed is key to successfully transform your organisation.
Valuation services
Valuation continues to be a focal point of management, regulators, practitioners, auditors and service providers given its importance in the asset allocation decisions made by portfolio managers and investors in the capital markets across different classes of alternative assets, including private equity, real estate, private debt, infrastructure, and venture capital.
Contact us
Julien Melotte
Audit Partner, Industry & Public Sector, Sustainability, PwC Luxembourg
Tel: +352 49 48 48 5287
