Risk management

  • It was after a number of scandals (such as the fall of Enron, Worldcom, etc.) that the concept of corporate governance came about, the aim being to establish greater balance and transparency in the division and control of power. Exponens can help you implement all aspects of your company’s governance.

    • Your concerns

      • You want to strengthen the trust placed in you by third parties (market, partners, etc.) or meet shareholder expectations
      • You wish to comply with framework standards and recommendations (AFEP, MEDEF, IFA, AMF, laws arising from the 8th directive, etc.)
    • Our offering

      • Board of directors and ad-hoc committees (audit committee, remuneration committee, etc.)Executive committee, management committee
      • We will conduct an audit or evaluation of your corporate governance and operational bodies
      • We will help you articulate different functions and define their roles and responsibilities
      • Assistance in implementing specialised committees and review of their performance
      • Assistance with communication by management, boards and committees (concerning official reports, exchange of information, to make decision-making within the organisation more efficient, organisation of the work of special committees, etc.)
      • We will share best governance practices with your board of directors
    • The benefits for you

      • You work with a team of professionals who are highly experienced in governance matters. Our partners and assignment managers play an important role in the performance of our engagements and will be your main contacts
      • We share with you best practices on the market
    • Some recent references

      • Performance of an audit and updating of governance (in the insurance sector)
      • Provision of assistance to the chairman in communicating to the board of directors (for a company in the services sector)
      • Assistance in the creation of risk committees (automotive company)
    • Your concerns

      • You like to work with people you trust and prefer not to engage too many players in the preparation of your financial communication and implementation of your internal and external growth
      • You wish to make decisions based on more reliable financial information
      • You wish to benefit from the opinion of an external expert to improve the quality of your internal control
      • A partner, public body or international fund donor asks you for an opinion or certification concerning a specific financial item
    • Our offering

      • Legal audit engagements (certification of annual and consolidated financial statements)
      • Contractual audit engagements (due diligence, auditing of the accounts of property co-ownership associations, auditing of expenses in the context of subsidised international contracts)
    • The benefits for you

      • The specialists in our audit division, supported by the firm’s other experts (IFRS, CRC 99-02 consolidation, internal audit, tax experts, HR consultants), oversee statutory audit and contractual audit engagements for entities of different dimensions, status and activity sectors
      • We are a member of the technical association, Association Technique d’Harmonisation (ATH), which means you can rely on first-rate technical support. The quality of our audit services is certified annually on the basis of assessment by the ATH
      • Thanks to our membership of BKR International, which is present in 70 countries, we have the necessary international coverage to help you consolidate your accounts
      • Because we have close ties with professional bodies, we can anticipate future regulatory, accounting and financial trends
      • In the context of joint auditing engagements, we frequently work with the large international accounting firms, at which most of our partners worked previously
      • All of which is enhanced by our areas of speciality: consolidation, auditing of international contracts, auditing of property co-ownership associations, internal audits
  • Risk taking is inherent in all companies. There can be no growth or value creation without risk. But if these risks are not correctly managed and controlled, they can impact the company’s capacity to achieve its objectives.
    With new risks constantly emerging, organisations must constantly adapt and improve their risk management and internal control systems. In this context, Exponens helps you to control your risks and optimise your internal control processes.

    • Your concerns

      • You wish to strengthen your risk management procedures and make your internal control system more reliable in a complex or disorganised environment
      • You want to ensure that your major risks (financial, legal, social, etc.) are correctly apprehended and that your internal control system is effective
      • You would like to improve your level of internal control and comply with the new COSO 2013 or AMF framework standards
      • You want to implement an effective internal control self-assessment system
      • You wish to harmonise your internal control procedures during changes in scope or in your information system
      • You wish to report appropriately to the audit committee on the monitoring of the efficiency of your internal control system and risk management procedures
    • Our offering

      Risk management :

      • Diagnosis of your risk management procedures: identification of strengths and weaknesses and provision of recommendations
      • Risk mapping, treatment and steering of action plans

      Internal control :

      • Diagnosis of your internal control system: identification of strengths and weaknesses and provision of recommendations
      • Assistance in preparing and implementing internal control procedures and instructions
      • Evaluation and optimisation of the internal control system (internal control environment, testing, implementation of a self-assessment procedure)
      • Assistance in complying with COSO 2013, AMF and Sarbanes-Oxley standards
      • Assistance in preparing the internal control report
    • The benefits for you

      • We develop a tailored approach, adapting it according to the size, culture and context of your company. We define priorities for implementing efficient and sustainable risk management and internal control procedures
      • You will work with a team who are highly experienced in risk control (strategic, financial, environmental, legal, social, tax, fraud, etc.) and in strengthening internal control systems
      • Our partners and assignment managers play an important role in the performance of our engagements and will be your main contacts
      • We share with you best practices on the market in risk management and internal control
    • Some recent references

      • Risk mapping (for an energy company)
      • Review of procedures and internal control concerning payment security (for a company in the hotel sector)
      • Implementation of an internal control self-assessment questionnaire for a group’s subsidiaries (an industrial group)
  • An Internal Audit Function to create value, meeting the growing requirements of executive management and audit committees.

    • Your concerns

      • You do not have the necessary resources to execute your internal audit plan
      • You need experts to improve the quality of your internal audit
      • You want to create or develop an effective internal audit function
      • You wish that th Internal Audit Function contribute to value creation within the audit committee

    • Our offering

      • We provide responsive, available teams in France and overseas, to meet your requirements
      • We help you to create and develop an internal audit function.
      • We help you to define an internal audit plan that the audit committee can use to ensure major risks are covered and action plans are followed-up
      • Assistance in improving internal audit tools and methodology
      • Preparation for the certification of your internal audit function (compliance with I.I.A / IFACI internal audit standards)
      • Help in selecting and implementing integrated audit management tools
      • Help with communication within the audit committee

    • The benefits for you

      • We can meet all your needs thanks to our membership of BKR International, which is present in 70 countries
      • Our professionals work in France and overseas, and are multilingual
      • We provide access, in accordance with your requirements, to a network of Exponens experts in a variety of domains (financial, legal, social, tax, fraud, information systems, etc.) and sectors (services, industry, retail, banking, insurance, public bodies, etc.)
      • Because we have close ties with the French institute of auditing and internal control (Institut Français de l’Audit et du Contrôle Internes – IFACI) and the Institut of Internal Auditors (I.I.A), we can anticipate changes in internal auditing standards

    • Some recent references

      • Creation of an internal audit function for a group that was recently floated on the stock market (IT services company)
      • Assistance to internal audit teams (co-sourcing) with their operational and financial internal audit assignments (company in the agri-food sector)
      • Internal Audit Director assistance in improvisory internal audit tools and methodology (company in the services sector)

  • Exponens’ professional teams work with you in dealing with complex situations, strengthening your fraud prevention systems, and conducting investigations when fraudulent activity occurs or is suspected, and in cases of corruption and money laundering within your organisation.
    According to recent research by the Association of Certified Fraud Examiners (ACFE):

    • Internal fraud costs companies an average of 5% to 7% of their revenue.
    • Over 50% of fraud cases are detected through prevention and control measures.
    • Identification of unusual transactions is one of the most common methods of detecting fraud.
    • New types of fraud are on the increase, such as cybercrime, “CEO umpersonation” fraud, and purchasing-related fraud, which means businesses need to be permanently vigilant.
    • Your concerns

      • You want to ensure that all risks of fraud are thoroughly appraised within your organisation
      • You want to strengthen your systems to prevent potential cases of fraud
      • You have been informed of a case of fraud involving the falsification of financial statements at one of your subsidiaries
      • You suspect one of your employees is misappropriating funds, or has used corruption practices to obtain markets
      • You have legal and regulatory obligations to meet in the context of obtaining public financing or combating money laundering
    • What we offer

      Fraud prevention:

      • Assistance in mapping out fraud risks
      • Analysis of corruption and money laundering risks concerning clients, public officials or counterparties of the company
      • Assistance in devising and implementing fraud prevention measures (a code of ethics, segregation of duties, monitoring of warning indicators, etc.)
      • Training to raise awareness of fraud, corruption and money laundering within your organisation

      Fraud detection:

      • Investigation of transactions attempting to misappropriate assets
      • Investigation of fraudulent financial statement presentation
      • Investigation of acts of corruption and money laundering within your organisation
    • The benefits for you

      • Our professionals in France and abroad are immediately on hand, offering concrete experience in dealing with complex situations, and broad expertise in fraud, corruption and measures to combat money laundering
      • Access to specialists with methodological and technical know-how, who are highly experienced in organising training to raise awareness of fraud, implementing fraud prevention measures, analysing data, conducting interviews and determining fact-finding procedures
      • We use prevention and investigation tools, such as IDEA, to evaluate your organisation’s exposure to the risks of fraud and help you detect and analyse fraudulent acts (analyse of the main fraud risk areas, identification of unusual transactions, etc.)
      • Because Exponens is a member of BKR International, we can draw on a network of more than 5,000 professionals operating from 300 offices in 70 countries, comprising specialists by business line and by sector
    • A few recent references

      • Training to raise awareness of fraud and corruption (a company in the aerospace sector)
      • Rollout of fraud prevention measures (a company in the broadcasting sector)
      • Investigation of a case of fraud involving the falsification of financial statements (a company in the building and public works sector)

Maîtriser les risques