Enterprise Risk Management / Corporate Performance Measurement

Financial reporting risk of the kind sought to be mitigated by the enactment of Sarbanes Oxley act and similar regulatory initiatives in Canada represents only one facet of risk management. Companies face other significant and fluid risk factors in a fiercely competitive and changing business landscape.

In response to these risks, companies can implement a sustainable Enterprise Risk Management (ERM) process, based on an internationally recognized framework, which serves to identify, manage and mitigate risk for the organization as a whole.

We will:

• Develop a Corporate Performance Measurement (CPM) process, strategic planning processes such as Balanced Scorecard, ERM processes and Sarbanes Oxley processes.

• Develop commonality of objectives. For instance, all the processes mentioned above start with corporate objectives; ERM adds risk assessment and all processes assess the effectiveness of controls to meet objectives and / or reduce risks.

• If you already have a CPM or ERM, Lannick Consulting will work with you to enhance it to incorporate requirements for financial reporting controls instead of building a new process.