Planning, Building and Preserving Your Business
Accountants and Business Consulting, Finance advice Accountants and Business Consulting, Finance advice   Accountants and Business Consulting, Finance advice Accountants and Business Consulting, Finance advice Accountants and Business Consulting, Finance advice Accountants and Business Consulting, Finance advice
Accountants and Business Consulting, Finance advice Accountants and Business Consulting, Finance advice
Accountants and Business Consulting, Finance advice Accountants and Business Consulting, Finance advice Accountants and Business Consulting, Finance advice Accountants and Business Consulting, Finance advice Accountants and Business Consulting, Finance advice Accountants and Business Consulting, Finance advice
Accountants and Business Consulting, Finance advice Accountants and Business Consulting, Finance advice Accountants and Business Consulting, Finance advice Accountants and Business Consulting, Finance advice Accountants and Business Consulting, Finance advice Accountants and Business Consulting, Finance advice
  Home Page > Solutions > Services : Current Page

 Saturday, July 31, 2010

Risk Assessment - Building a successful business requires you to wear many hats...

Business risk is often defined as "the threat that an event or action will adversely affect an organization's ability to achieve its business objectives and execute its strategies successfully." Risk implies that things don't always go the way they were intended. When a situation turns sour, it can spell danger. Business risk may be summarized as:

  • Strategic environment risks - threats from broad external factors such as changes in the competitive environment, regulations, and capital availability.
  • Operating environment risks - threats from ineffective or inefficient business processes, loss of physical or financial assets, loss of markets, and loss of reputation.
  • Information risks - threats from the use of poor quality or misleading information for operational or financial decisions.

Our Services

Assessing the Risk

At Daniells Phillips Vaughan & Bock, we work with you to find ways to identify, manage or transfer risk. Let us assist you by reviewing your business' potential risk. Our detection process:

  • Identifying the primary potential risk that you have already identified, especially the likelihood and magnitude of possible adverse events.
  • Assessing the risk that you have already identified, especially the likelihood and magnitude of possible adverse events.
  • Evaluating the systems that you have in place to identify and limit risk.

Providing the Solution

By identifying, evaluating and limiting risk, you put your business in a better position to prevent events or actions that could severly threaten the existence or growth or your business.

  • After the evaluation of your potential risk, we will present a report with suggestions on how to rectify those weaknesses.
  • Solutions always include a basic control system. no business is too small to have preventative measures in place to limit its liability.

Financial Reporting Services