Case Studies:
"I have implemented a suite of policies, procedure and controls to address the risks in my business however I am not certain on their effectiveness. Have I identified all the gaps?"
In today’s ever-changing business environment, many companies face similar challenges. We offer a practical and affordable independent Internal Audit Health Check, tailored to address your specific concerns. As a regulated audit firm, we bring a wealth of qualifications, experience, and expertise in reviewing business controls. Our work adheres to the Chartered Institute of Internal Auditors’ Code of Ethics and Global Internal Audit Standards, ensuring the highest professional quality.
"I need a solution to help with monitoring the risks and compliance in my business while also identifying any new regulations that need to be addressed."
BDO has partnered with Hyperion, a web-based platform which allows you to ditch the spreadsheets being used for your Compliance Monitoring Programme and Risk Register and have all your compliance testing of the GFSC AML/CFT/PF Handbook Rules in one place. A direct feed from the GSFC provides news updates which can be reviewed and documented as to how they have been addressed by the business directly on to the system.
The platform also produces a dashboard of top risks, a detailed summary of the number of tests and resulting actions that are in progress/completed/overdue for monitoring of compliance with the GFSC Rules. This data can then be extracted automatically for board /client reporting or access provided to the Board for real time information.
"All my clients have accounting year ends which are at the same time, as such my finance team become overwhelmed in the first 6 months of the year with multiple deadlines. Can you help with additional accounting resource and help in managing the process?"
BDO’s outsourced finance manager service can help your business integrate and standardise accounting processes and ensure you comply with statutory obligations and meet client demands. By outsourcing some or all of your accounting function to BDO you have comfort that deadlines and clients expectations are met.
"The board is complying with the Guernsey Code of Corporate Governance but how effective are we in meeting the various principles and are we fulfilling our responsibilities as directors?"
BDO has strong credentials and experience in providing robust governance services which can be tailored to your specific needs. We can conduct an independent review of board / service provider performance and corporate governance compliance and offer solutions on how the Board can be more effective.
Timely information to facilitate real time decisions
Cost and operational efficiencies and resiliency
Access to technical experts at the initial stages allows you to focus on the core activities of the business and making a success of the company.
Enhanced risk management capabilities through outsourcing services
Advantages of outsourcing
If you wish BDO to provide further guidance on how we can help you as you get started with your new business, then please send your enquiry to advisory@bdo.gg or email your usual contact at BDO Guernsey.