How do accountants identify risk?
Your accountant will assess your business to identify its vulnerability and to give you a better understanding of the risks you face, internally and externally. Every organisation has a different appetite for risk, and NXA’s risk accountant will help you to align risk management with your business objectives so that you make informed decisions.
Mitigating risk in your business
Drawing on the expertise of a risk accountant, you can put in place strategies that will mitigate or control the risks to which your business is exposed – for example, by installing controls on your internal processes, or making contingency plans.
Managing compliance risk
One common risk that businesses face is the consequence of non-compliance with regulations and laws. An accountant with an in-depth knowledge of financial regulations will improve your organisation’s understanding of these rules, so that you can build compliance into your processes.
0207 100 6059