ERM and ICF Implementation

Regulations across the globe e.g. Sarbanes Oxley (SOX) USA require businesses to implement proper Enterprisewide Risk Management (ERM) framework and Internal Control Framework (ICF). COSO framework is one of the best available guidance and solution on these regulatory requirements.

In addition to compliance with regulation, the implementation of ERM/ICF pays rich dividends to businesses in terms of improved risk management resulting in improved performance and profitability.

An enterprise can continue and sustain its growth if it identifies long term risks and implements risk management techniques. MVLCO advises corporates of various sizes involved in various business and geographical sectors with respect to identifying and managing enterprise risks. MVLCO provides consultancy pertaining to (inter alia) following aspects:

• Identifying enterprise risks
• Assessing current risk management capabilities
• Assessing alignment of strategy with risk appetite
• Validating adequacy and implementation of risk responses
• Designing and implementing ERM
• Enhancing maturity level of existing risk management framework
• Designing and implementing internal control framework