The Use of AI and Machine Learning in Valuation and Forensics
As part of sound organizational governance, risk management focuses on how organizations can successfully achieve strategic business objectives and effectively function with an optimal level of risk-taking. Companies need to address risks in all facets of the organization in a balanced manner, weighing both opportunities and threats as management deploys resources to achieve enterprise goals.
Bennett Thrasher’s Risk Advisory Services team can help you understand the risks relevant to your company and develop strategies to respond to these risks in ways that promote enterprise-wide success. You can trust our experienced team to help you navigate the complex issues facing your business, including industry-specific challenges and applicable regulations.
If you’re looking for a partner to help you address risks across multiple facets of your organization, we can help. Get to know Ray Lee or Mike Hostinsky and schedule a consultation.
Your organization needs to ensure its financial and operational processes are functioning efficiently and effectively to promote the achievement of strategic objectives. This requires strong internal controls to help promote integrity within business processes, deter fraud, minimize errors, and pass regulatory scrutiny. Business risk consulting professionals can help your organization identify, assess, and manage potential threats to your organizational goals.
Our Risk Advisory Services professionals can assist your organization with designing or evaluating internal controls based on the results of a risk-based evaluation of the entire organization or a specific business function.
Our team will work collaboratively with your organization to obtain a comprehensive understanding of your environment and develop a risk management strategy tailored to your operations, goals, and identified risks. By drawing on our collective experience as both business consultants and past members of operational and executive management teams of both private and public companies, our team can help you better align operational practices with risk management strategies to improve performance.
In today’s ever changing business landscape, organizations must be aware of the associated risks impacting their ability to achieve strategic objectives. Internal audit activities can help identify and assess risks tailored to your organizational priorities and implement strategies to address them. Bennett Thrasher’s Risk Advisory Services team can provide support to your organization’s internal audit function in critical key areas.
As your outsourced or co-sourced internal audit partner, we provide comprehensive or supplemental support to your team, resulting in an objective, skilled, and results-driven internal audit function.
Our internal audit specialists conduct a comprehensive risk assessment to identify and prioritize risks, and to develop a targeted internal audit plan.
Support the functioning of an efficient and effective business environment for your enterprise by proactively identifying relevant risks and risk-mitigating solutions.
Business and technology controls and processes are evaluated and enhanced through detailed assessments.
Evaluate third-party operational, technical, and financial processes and internal controls as part of a comprehensive risk evaluation approach.
Evaluate organizational alignment with and operational adherence to contractual, regulatory, or other compliance obligations.
SOC reports are issued by an independent auditor to provide assurance over the design and/or operating effectiveness of internal controls at a service organization. Undergoing a SOC examination demonstrates the integrity of your business operations and technology environment to key business partners. Providing a SOC report to customers and prospects can reduce time spent responding to security questionnaires, address current and prospective contractual obligations, and demonstrate effective internal controls to internal and external stakeholders.
Bennett Thrasher’s Risk Advisory Services team offers reporting options that address both financial and non-financial oriented internal controls and can help you determine the right SOC report for your organization’s needs.
A SOC 1 report evaluates the effectiveness of internal controls over financial reporting. Your customers and their financial statement auditors will find value in a SOC 1 report based on the insights provided on internal controls impacting their key financial
processes.
A SOC 2 report is a restricted use report that evaluates the effectiveness of controls relevant to security, availability, and processing integrity of the systems used to process your customers’ data and the confidentiality and privacy of the information processed by these systems.
A SOC 3 report is a general use report that evaluates the effectiveness of controls relevant to security, availability, processing integrity, confidentiality or privacy at a service organization. A SOC 3 report is only available in combination with a SOC 2 examination
These assessments are uniquely tailored to the needs and industry of your company and are performed to assist in preparations for a future SOC examination. Assessments are designed to codify existing internal control activities, identify preliminary gaps in the design of control activities, and provide related remediation recommendations.
The timeframe to undergo a SOC examination is dependent upon the type of examination to be completed, the scope and time period covered by the report, and your organization’s internal control structure. At the completion of SOC 1 and SOC 2 examinations, you will receive a written report expressing an opinion over whether your organization’s internal controls were suitably designed and/or operating effectively either as of a specified date (Type 1) or throughout the reporting period (Type 2).
SOC Readiness Assessment deliverables include a gap analysis illustrating a framework of defined controls, identified potential control gaps and related remediation considerations, and other recommendations for process improvement.
Technology has become a key enabler of a company’s strategic business initiatives. Accordingly, the challenges that organizations face in the achievement of their objectives include a number of technology-specific risks. The best organizations effectively manage these technology risks so that IT can continue to support the goals of the enterprise.
Bennett Thrasher’s Risk Advisory Services team assists you in better understanding the technology risks that are relevant to your organization, including those related to governance, policy, security, monitoring, and compliance. We help you develop strategies to respond to these risks in ways that promote enterprise-wide success. You can trust our experienced team to help you navigate the complex issues facing your business, including industry-specific challenges and applicable regulations. We support you in developing an approach to guide sound execution of strategy and effective application of technology to meet your needs.
Bennett Thrasher offers experienced resources to assist you in each engagement. Our multi-faceted Risk Advisory Services team members have proven experience in conducting technology and cybersecurity risk assessments, policy and procedure development, and technology internal controls design, implementation, and monitoring. We draw on our collective expertise as technology advisors, consultants, practitioners, and auditors, as well as past members of management of public and private companies, to provide you with insightful advice rooted in experience. Our deep capabilities allow us to provide you with advisory expertise specific to the objectives of your technology engagements.
Your organization needs to ensure its financial and operational processes are functioning efficiently and effectively to promote the achievement of strategic objectives. This requires strong internal controls to help promote integrity within business processes, deter fraud, minimize errors, and pass regulatory scrutiny. Business risk consulting professionals can help your organization identify, assess, and manage potential threats to your organizational goals.
Our Risk Advisory Services professionals can assist your organization with designing or evaluating internal controls based on the results of a risk-based evaluation of the entire organization or a specific business function.
Our team will work collaboratively with your organization to obtain a comprehensive understanding of your environment and develop a risk management strategy tailored to your operations, goals, and identified risks. By drawing on our collective experience as both business consultants and past members of operational and executive management teams of both private and public companies, our team can help you better align operational practices with risk management strategies to improve performance.
In today’s ever changing business landscape, organizations must be aware of the associated risks impacting their ability to achieve strategic objectives. Internal audit activities can help identify and assess risks tailored to your organizational priorities and implement strategies to address them. Bennett Thrasher’s Risk Advisory Services team can provide support to your organization’s internal audit function in critical key areas.
As your outsourced or co-sourced internal audit partner, we provide comprehensive or supplemental support to your team, resulting in an objective, skilled, and results-driven internal audit function.
Our internal audit specialists conduct a comprehensive risk assessment to identify and prioritize risks, and to develop a targeted internal audit plan.
Support the functioning of an efficient and effective business environment for your enterprise by proactively identifying relevant risks and risk-mitigating solutions.
Business and technology controls and processes are evaluated and enhanced through detailed assessments.
Evaluate third-party operational, technical, and financial processes and internal controls as part of a comprehensive risk evaluation approach.
Evaluate organizational alignment with and operational adherence to contractual, regulatory, or other compliance obligations.
SOC reports are issued by an independent auditor to provide assurance over the design and/or operating effectiveness of internal controls at a service organization. Undergoing a SOC examination demonstrates the integrity of your business operations and technology environment to key business partners. Providing a SOC report to customers and prospects can reduce time spent responding to security questionnaires, address current and prospective contractual obligations, and demonstrate effective internal controls to internal and external stakeholders.
Bennett Thrasher’s Risk Advisory Services team offers reporting options that address both financial and non-financial oriented internal controls and can help you determine the right SOC report for your organization’s needs.
A SOC 1 report evaluates the effectiveness of internal controls over financial reporting. Your customers and their financial statement auditors will find value in a SOC 1 report based on the insights provided on internal controls impacting their key financial
processes.
A SOC 2 report is a restricted use report that evaluates the effectiveness of controls relevant to security, availability, and processing integrity of the systems used to process your customers’ data and the confidentiality and privacy of the information processed by these systems.
A SOC 3 report is a general use report that evaluates the effectiveness of controls relevant to security, availability, processing integrity, confidentiality or privacy at a service organization. A SOC 3 report is only available in combination with a SOC 2 examination
These assessments are uniquely tailored to the needs and industry of your company and are performed to assist in preparations for a future SOC examination. Assessments are designed to codify existing internal control activities, identify preliminary gaps in the design of control activities, and provide related remediation recommendations.
The timeframe to undergo a SOC examination is dependent upon the type of examination to be completed, the scope and time period covered by the report, and your organization’s internal control structure. At the completion of SOC 1 and SOC 2 examinations, you will receive a written report expressing an opinion over whether your organization’s internal controls were suitably designed and/or operating effectively either as of a specified date (Type 1) or throughout the reporting period (Type 2).
SOC Readiness Assessment deliverables include a gap analysis illustrating a framework of defined controls, identified potential control gaps and related remediation considerations, and other recommendations for process improvement.
Technology has become a key enabler of a company’s strategic business initiatives. Accordingly, the challenges that organizations face in the achievement of their objectives include a number of technology-specific risks. The best organizations effectively manage these technology risks so that IT can continue to support the goals of the enterprise.
Bennett Thrasher’s Risk Advisory Services team assists you in better understanding the technology risks that are relevant to your organization, including those related to governance, policy, security, monitoring, and compliance. We help you develop strategies to respond to these risks in ways that promote enterprise-wide success. You can trust our experienced team to help you navigate the complex issues facing your business, including industry-specific challenges and applicable regulations. We support you in developing an approach to guide sound execution of strategy and effective application of technology to meet your needs.
Bennett Thrasher offers experienced resources to assist you in each engagement. Our multi-faceted Risk Advisory Services team members have proven experience in conducting technology and cybersecurity risk assessments, policy and procedure development, and technology internal controls design, implementation, and monitoring. We draw on our collective expertise as technology advisors, consultants, practitioners, and auditors, as well as past members of management of public and private companies, to provide you with insightful advice rooted in experience. Our deep capabilities allow us to provide you with advisory expertise specific to the objectives of your technology engagements.
“The transfer pricing audit ended after the German tax authorities reviewed our Local File. It might have been the best money I have ever spent.” – Feedback from Finance Director of Irish Multinational in Healthcare Industry following a transfer pricing audit in Germany
“Ben and his staff have been fantastic. They have been very professional and extremely patient as we navigate through our transaction and the planning process.”
“We are incredibly grateful for the partnership, support and collaboration of you and your team…Your professionalism and collaboration truly made the difference for the Company, our teams and our leaders.”
“As always, we very much appreciate your hard work and the hard work of the entire BT team.”
“In the past, I have used two of the top four national accounting firms for advice. I have found Jeff Call’s firm Bennett Thrasher, the most responsive, always available and very, very helpful. Once I’m not around, I’m certain my state trustee will continue to rely on Jeff’s firm.”
“Bennett Thrasher provided exceptional second mile audit services for Trilith Studios. Their team was thorough, knowledgeable, demonstrated a high level of attention to detail and provided clear communication throughout the entire process. We highly appreciated their collaboration and the professional service they provided throughout the entire audit process.”
“Just when you have self-assessed your company to possibly be the worst client ever, the Staff at Bennett Thrasher make you feel like you are their most important and beloved client. That ability is an attribute you don’t see in many accounting firms.”
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