Independent Business Review and Risk Assessment
Independent Business Review (IBR)
If you are concerned about the financial health of your company and require clarification on its current position, the IBR will identify the facts required to make an informed decision about the future direction of your business and the possible strategies to be implemented in order to navigate the business away from financial distress.
An IBR is a review of an entity's financial position to determine its solvency and liquidity, and includes an analysis of the operational processes and systems, management practices, governance procedures and controls employed during the operations of the business.
Risk Assessment (RA)
The RA is the combined effort of
- identifying and analysing actual (current) and potential (future) events that may negatively impact stakeholders of the business, affected persons, assets of the business and or the environment (i.e. risk analysis),
- and making judgments on the "tolerability of the risk on the basis of a risk analysis" while considering influencing factors (i.e. risk evaluation).
The IBR and the RA combined will determine the viability of the business and which strategies can be implemented, or which options are available to manage financial distress.
Let our multidisciplinary team of professionals assist you to determine what the actual status of your business is.
A consultation with a member of our team to determine the scope of the engagement is FREE!
Let us be of service to you!
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