Your trusted partner across the three lines of defense
Nothing exists in a silo—and in a dynamic regulatory landscape, there’s consistent and emerging risks that should be considered and addressed. Forward-looking organizations recognize the need for an internal audit and compliance solution that breaks through the three lines of defense—with a partner that seamlessly integrates into your business to strengthen your risk management profile and empower your team to innovate.
That’s where we come in: adding value throughout the entire risk management ecosystem, providing strategic guidance and practical solutions to stay compliant, increase stakeholder confidence, and align operations with business objectives.
Are you struggling with these challenges?
Strong risk management capabilities across the company offer significant benefits—from promoting resilience and protecting assets, to supporting strategic growth and maintaining compliance. Often, the litmus test of the well-prepared is this: Are you nimble enough to meet new compliance demands? If it’s time to evolve your risk management function, these challenges may sound familiar:
- Control executions are an afterthought for process and control owners due to workload
- Evolving regulatory and compliance requirements result in increased time and effort from management
- Increased audit findings and external audit fees
- Limited in-house expertise or difficulty finding talent with the right level of accounting, IT, and audit skillsets
- Digital transformation results in new or emerging risk consideration
- Pressure from stakeholders and shareholders
- Struggling to achieve the right balance of mitigating and managing risk (through preventative, detective, and corrective controls)
- Your internal audit team is seen as a cost center instead of a profit center
It doesn’t have to be that way—through strategic internal audit and compliance, you get the best of both worlds: allowing your business to run more smoothly while decreasing risk. Trusted advisors (that’s us!) can get you there.
Why Clearsulting?
Our tailored, comprehensive solutions help organizations improve governance, foster compliance, and enable sustainable growth across the three lines of defense. Here’s what we bring:
- Extensive audit experience that enables innovation while leaning on proven strategies, templates, and toolkits in executing controls
- Customized training to educate control and risk owners on evolving control requirements
- Experience working with many common external auditors—knowing the ins and outs of their methodology, templates, and challenging external audit reliance models
- A value-add mentality that creates strong relationships and partnerships across the business, internal controls, internal audit, external audit
- An approach that focuses on the use of analytics and automation to enhance collaboration, monitoring, and reporting
- First line of defense
- Risk identification and assessment
- Strategic staffing
- Control design and implementation
- Policy and procedure development
- Training and awareness
- Issue management and remediation support
- Internal audit readiness support
- Control and process execution
- Second line of defense
- Controls integrator and business integrator surrounding transformational events
- Risk management framework development
- Policy and procedure design assessments
- Internal control assessments and reviews
- Control optimization and rationalization
- Data and analytics design for monitoring and evaluating risk
- Issues management / rapid remediation (risk mitigation and remediation)
- Third line of defense
- Independent co-source and outsource internal audit services across business processes, IT, and operational audits
- Internal audit staff augmentation
- SOX readiness assessments
- Substantive audit procedures
- External audit support
- Audit methodology and framework development
- Data analytics and continuous monitoring
Go further with Clearsulting
By tapping into us for activities surrounding your risk management function, you’ll be able to redeploy your team on value-add initiatives. We’ll also make recommendations on improving and automating processes across your business as we better understand how work gets done.
With an approach focused on helping you manage and mitigate risk to a reasonable, sustainable level, we set you up with a mature risk framework and control environment that enables the business to achieve its objectives.
Connect with us
If you’re ready to partner across the three lines of defense, let’s talk.