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t Cherry, Bekaert & Holland, L.L.P. (CB&H),
our Risk Management Services are designed to meet the
unique challenges facing public and private entities
in today’s business environment. Sweeping reforms
in financial reporting, regulatory compliance, stock
exchange requirements and the Institute of Internal
Audit (IIA) requirements have increased the strategic
importance of a solid internal audit function and the
role that function plays in the overall assessment of
entity-wide risk.
CB&H’s RADAR (Risk Assessment Detection And
Reduction) service is designed to help management evaluate
entity-wide risk. RADAR is an industry-leading risk
assessment model that is populated through a series
of surveys, questionnaires and strategic interviews,
which help to identify, evaluate and assess potential
areas of risk to the entity.
• RADAR demonstrates management’s risk
assessment process in accordance with accepted internal
control frameworks.
• RADAR aids in the effective and efficient allocation
of limited human resources. With the increasing demand
for staff and unique skill sets, many entities outsource
the entire internal audit function or co-source with
an outside firm to supplement a specific project, industry
or technical audit need.
• RADAR focuses the design of the annual internal
audit plan, which may result in financial, operational
or other special audits such as the following:
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