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Risk Management Advisory and

Audit Backend Services

Convert your risks into a source of gaining competitive advantage.

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Does your business have unmanaged, unforeseen risks?

We Are Experts of Risk-Based Auditing.

For internal audit to be viewed as a trusted advisor, selecting the right audit approach can be immensely helpful. It can help promote customer engagement and lead to more productive and insightful outcomes.

Traditionally, a controls-based approach has been preferred by audit functions. It focuses on inspection and verification of compliance and financial controls based on an established set of criteria.

 

At JHS, we administer a risk-based approach driven by a more forward-looking perspective aimed at addressing potential risks that could prevent an organization from achieving its objectives.

 

Our risk-based approaches are paired with a service delivery mindset ensuring that audits are performed based on assessed risks and are not viewed as a one-size-fits-all. We deliver an effective audit function with a palette of approaches, making it possible to select the optimal approach on a case-by-case basis.

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TURNING VISION INTO VALUES

" We go beyond the numbers and and provide unique, in-service, value driven offerings personalized to our individual clients. Our goal is to enhance our clients' well being by honoring the promise of value and service while maintaining integrity and honesty in everything we do. "

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Our Risk Services

We assess the Business risk of an Organization through our risk services as follows.

Organizations face rapidly evolving and increasingly complex risks. Managing compliance and regulatory demands alone is not enough. JHS Consulting brings insight into the risks you face now and those you may face in the future, and help you establish a practical, holistic approach to managing them more effectively.

We work with you to align key stakeholders and departments across your business and equip board members with the information and insights needed for better-informed risk taking.

Enterprise-wide Risk Management Assessments (ERM)

SOC 1, 2,3 Audit & Report under (SSAE 16 & 18)

SOC 1 Report (System and Organization Controls Report) is a report on Controls at a Service Organization which are relevant to user entities' internal control over financial reporting. As such, organizations also require their vendors obtain System and Organization Controls (SOC) attestation reports, as mandated by SSAE 16 and SSAE 18. 

 Standards review

  • ISO 27001 Audit

  • ISNP Audit

  • GDPR Implementation and Readiness

Governance, Risk and Control (GRC)

While large scale data breaches make headlines and draw media attention, the reality is that most cyber incidents occur within small and middle market companies.

 

As a trusted provider of cyber-security services to a number or organizations, JHS continuously strives to ensure our clients are aware of the latest trends within the cybersecurity arena. Our service ensures integrity, availability, and robust defense against internal and external threats.

Our IT Risk / Cyber Risk services are as follows.

  • VAPT - Vulnerability assessment and Penetration Testing (Website & Endpoint)

  • ITCG Audit (IT Internal controls & Governance)

While large scale data breaches make headlines and draw media attention, the reality is that most cyber incidents occur within small and middle market companies.

 

As a trusted provider of cyber-security services to a number or organizations, JHS continuously strives to ensure our clients are aware of the latest trends within the cybersecurity arena and they are prepared to deal with ever-changing complexities of technologies. 

Our Technology risk services are as follows.

  • Due Diligence Reviews (IT)

  • Digital Transformation Readiness Audit

  • PCI-DSS – Payment Card Industry Standard

  • Vulnerability Assessment & Penetration Testing (Network)

Technology Risks

Cybersecurity and Data Privacy

Connect with us to discuss how we can help you mitigate your risks and convert them into assets that give you competitive advantage.

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Financial Impact
Operational Impact
Compliance, Legal and 
Regulatory Impact
Reputation Impact
Workforce Impact
Networking Impact

Risk Audit Scope

Neglecting an impact risk may jeopardise the outcomes that people experience; therefore enterprises and investors need to consider these separately from financial risks.

 

The three data categories under the ‘Risk’ impact dimension provide enterprises and investors with a roadmap for assessing and mitigating impact risks. These categories are:

  • Type of impact risk: Nine types of impact risks that may undermine the delivery of the outcome

  • Level of impact risk: The likelihood and severity of the impact risk

  • Mitigation strategy: The mitigation strategy to reduce the level of impact risk
     

By collecting data across these categories, we help enterprises and investors gain a nuanced understanding of the potential risks and actively work towards decreasing their likelihood and severity. This process enables enterprises and investors to maximise their impact.

Client Success Stories

Check out some of our case studies that describe how we apply expertise and experience to enable change and unlock value for our clients.

Case Study

Local Search Engine and Media Business

Partnered with US based CPA firm to outsource risk based audit processing leading to gains in offsite staff efficiency and specialized skill access use.

Case Study

A Client in IT Industry

Facilitated execution of an SSAE 18 review covering process and system controls’ overall design & operating effectiveness.

Case Study

UK-Based Construction Contractor

Undertook payroll review under CAAT and provided control gaps identification and remediation and 100% data population considered for analysis

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