Risk Assurance Services (beyond ERM and IFC/ICFR)

We provide Risk Assurance Services beyond ERM and IFC/ICFR, focusing on specific operational and compliance risks.

Our Risk Assurance Services extend beyond traditional ERM and IFC/ICFR, addressing a wide range of operational, compliance, and strategic risks. We offer specialized services such as operational risk assessments, compliance audits, and third-party risk management. Our team helps you identify and mitigate risks that may not be covered by standard ERM frameworks, ensuring that your organization is protected from a variety of threats. We provide tailored solutions to enhance your risk management practices, improve operational efficiency, and strengthen stakeholder confidence.

What is Risk Assurance Services?

Operational Risk

These services assess and strengthen processes to minimize disruptions, control failures, and inefficiencies, ensuring smooth and resilient day-to-day operations.
Compliance Risk

Risk assurance ensures adherence to legal, regulatory, and internal policy requirements, reducing the likelihood of penalties, reputational damage, or operational restrictions.
Third-Party Risk

It evaluates risks arising from vendors and partners, focusing on due diligence, contract compliance, and ongoing monitoring to safeguard against external vulnerabilities.

Our Process

01.

Client Engagement & Requirement Gathering

Discuss the client’s risk landscape, assurance needs, and specific areas of concern beyond ERM and financial controls.
02.

Preliminary Risk and Controls Assessment

Conduct an initial review of operational, IT, compliance, and strategic risks relevant to the client’s business.
03.

Scope Definition and Prioritization

Define assurance scope focusing on key risk areas such as cybersecurity, process efficiency, regulatory compliance, or third-party risks.
04.

Approach and Methodology Development

Develop a tailored risk assurance plan including testing procedures, data analytics, and reporting protocols.
05.

Proposal Preparation & Submission

Present a detailed proposal outlining scope, methodology, timelines, resource allocation, and commercial terms.

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Other Services

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Legal

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We Are Here To Help

1. What kinds of risks do you cover under Risk Assurance?

We cover operational, financial, strategic, reputational, digital, and ESG risks—and provide assurance on systems, processes, and controls around each. We also support with sector-specific risks like supply chain resilience, fraud vulnerabilities, and third-party risks.

2. Do you help with digital and cyber risk assurance?

Absolutely. We assess cybersecurity controls, data governance frameworks, access management, and resilience to tech disruptions, helping you prepare for evolving threats and regulatory audits like CERT-In, RBI guidelines, and DPDP Act requirements. Please navigate to TRC Digital Section and Let’s Grow Together.

3. Is your approach aligned with global risk assurance frameworks?

Yes. We use frameworks like COSO, ISO 31000, and ISO 27001, and align our work with global risk, control, and assurance standards while adapting to Indian regulatory needs.

4. How does risk assurance help us during strategic events like IPOs or M&A?

We ensure your governance, controls, and risk frameworks are investor-ready. Risk assurance builds confidence among regulators, investors, and stakeholders during IPOs, acquisitions, and due diligence processes.

5. What is your approach to third-party/vendor risk assurance?

We conduct end-to-end assessments of vendor ecosystems, including due diligence, contract risk review, SLA monitoring, and cybersecurity exposure—ensuring your vendors don’t become your weakest link.

Risk Assurance Services Solutions

How TRC's Risk Assurance Services Solutions Help Your Company?

We reimagine Risk Assurance Services to enhance compliance, boost brand value, and drive growth. Partner with us to unlock your business’s full potential.

Address

Enkay Square, Plot No - 448A, 6th Floor, Udyog Vihar, Phase- V, Sector 19, Gurugram, Haryana - 122016

Email address

business@trcconsulting.org

Mobile number

+91–8882828822

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