Risk Advisory Services

Our Risk Advisory Services help address financial, operational and compliance risks using purpose-built risk management solutions.

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How Can Effective Risk Management Lead to Business Advantage?  

Our Risk Advisory Services practice helps clients protect value, power performance and build resilience with mature internal controls. In today's dynamic business environment, effective organizations leverage their system of internal control to confidently navigate the changing tide of risks and the diversity of new risk sources. Increased volatility in the business and regulatory environment is a strong incentive to mature risk management. However, many companies do not have well-developed risk management methodologies in place.

We work with clients to develop a customized risk management plan that aligns with their risk tolerance and organizational goals. Our solutions are designed to be scalable and adaptable to the evolving risk landscape so that our clients can effectively manage risks as they arise. Our risk management team is augmented professionals who specialize in cybersecurity, technical accounting, financial reporting, and various technologies such as ERP. This approach offers a well-rounded delivery of services that examines all aspects of your organization.

Ultimately, our goal is to address financial, operational and compliance risks using purpose-built risk management solutions that cost-effectively diagnose, mitigate and monitor risk.

Risk Advisory Service Solutions

We support the unique needs of both large and small organizations across multiple industries.

“Effective risk management is crucial for any organization's success, as it helps identify and manage potential risks that could negatively impact operations, minimize losses, protect reputation, ensure compliance, improve decision-making, enhance resilience and reduce costs. Prioritizing risk management is essential to safeguard stakeholders and ensure long-term success.”
Scott Peyton
Partner | Practice Leader, Risk Advisory

Maximizing Internal Audit Effectiveness Through Co-Sourcing

Let us augment your internal audit department through a co-sourced model to reduce costs by providing access to specialized, experienced resources on an as-needed basis. Our industry-aligned approach can be more cost-effective than hiring additional full-time staff or investing in expensive technology and training.

Explore Our Comprehensive Risk Advisory Services

Internal Audit

  • Internal Audit Co-sourcing & Outsourcing
  • Internal Audit Services for Public Sector
  • Internal Audit Services for SEC Filers
  • IT Audit Co-sourcing & Outsourcing
  • Internal Audit Strategy & Department Build-out
  • Quality Assurance Reviews (QAR)
  • Staff Augmentation

Risk Management

  • Risk Management Consulting for the Financial Services Industry
  • Enterprise Risk Management
  • Governance, Policy & Procedures
  • Risk Management Training & Change Acceleration
  • Third-Party Risk Management (TPRM)

Control Testing & Compliance

Financial Services Regulatory Compliance

  • Bank Secrecy Act (BSA)/Anti-Money Laundering (AML) Compliance
  • BSA & AML Model Validation
  • Compliance Monitoring
  • Consent Order Remediation & Validation
  • Fair Lending Assessments
  • Lending, Deposit & Other Consumer Regulatory Compliance
  • Risk Assessments
  • Staff Augmentation

Cherry Bekaert's Financial Institutions industry group offers comprehensive audit, tax and advisory services tailored to the unique needs of financial institutions. With a deep understanding of the financial services industry, our experienced professionals provide solutions to navigate complex regulatory landscapes, manage risks and enhance operational efficiency. Whether it’s ensuring compliance, optimizing tax strategies, or improving cybersecurity, our Financial Institutions practice is dedicated to helping banks and credit unions achieve their goals and maintain a competitive edge.

Fraud Risk

  • Fraud Risk Assessment
  • Fraud Analytics
  • Forensic Accounting & Due Diligence

Risk Analytics & Data Management

  • Risk Analytics
  • Risk Data Reporting
  • KPI/KRI Dashboards
  • Control Automation

Internal Audit

  • Internal Audit Co-sourcing & Outsourcing
  • Internal Audit Services for Public Sector
  • Internal Audit Services for SEC Filers
  • IT Audit Co-sourcing & Outsourcing
  • Internal Audit Strategy & Department Build-out
  • Quality Assurance Reviews (QAR)
  • Staff Augmentation

Risk Management

  • Risk Management Consulting for the Financial Services Industry
  • Enterprise Risk Management
  • Governance, Policy & Procedures
  • Risk Management Training & Change Acceleration
  • Third-Party Risk Management (TPRM)

Control Testing & Compliance

Financial Services Regulatory Compliance

  • Bank Secrecy Act (BSA)/Anti-Money Laundering (AML) Compliance
  • BSA & AML Model Validation
  • Compliance Monitoring
  • Consent Order Remediation & Validation
  • Fair Lending Assessments
  • Lending, Deposit & Other Consumer Regulatory Compliance
  • Risk Assessments
  • Staff Augmentation

Cherry Bekaert's Financial Institutions industry group offers comprehensive audit, tax and advisory services tailored to the unique needs of financial institutions. With a deep understanding of the financial services industry, our experienced professionals provide solutions to navigate complex regulatory landscapes, manage risks and enhance operational efficiency. Whether it’s ensuring compliance, optimizing tax strategies, or improving cybersecurity, our Financial Institutions practice is dedicated to helping banks and credit unions achieve their goals and maintain a competitive edge.

Fraud Risk

  • Fraud Risk Assessment
  • Fraud Analytics
  • Forensic Accounting & Due Diligence

Risk Analytics & Data Management

  • Risk Analytics
  • Risk Data Reporting
  • KPI/KRI Dashboards
  • Control Automation
Case Study

Regulatory, Tax and SOX Compliance for Biopharma

Learn how Cherry Bekaert optimized regulatory, tax and SOX compliance for a biopharmaceutical company expanding in to the U.S.

Our Professionals

Connect With Us

Scott Peyton

Risk Advisory Leader

Partner, Cherry Bekaert Advisory LLC

Neal W. Beggan

Risk & Accounting Advisory Services

Partner, Cherry Bekaert Advisory LLC

Contact Our Risk Advisors