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Riddle Compliance
Riddle Compliance

Risk and Strategy Consulting

improve your compliance program with project-based risk assessments and compliance consulting

Risk assessments are pertinent initiatives and are the bedrock of our risk consulting offerings. Riddle Compliance offers customized solutions to fit clients’ risk appetites, regulatory compliance strategies, and other nuances specific to our clients’ operations. With our tailored risk consulting solutions, growing companies can develop effective compliance protocols and efficient business controls to improve business while mitigating industry risks, cyber security threats, regulatory oversights, and other detrimental conduct.

understanding the difference between risk assessments and internal audits

Assessing regulatory risk is generally a reactive business activity. Conducting periodic regulatory risk reviews is crucial in identifying gaps in operations and compliance protocols. Riddle Compliance supports organizations in devising proactive risk mitigation policies and procedures in alignment with best business practices.

Internal auditing is a more aggressive and proactive form of risk management and mitigation. Riddle Compliance offers a suite of risk consulting services and managed solutions to assist clients in identifying threats. Establishing a dedicated function is the most efficient way to identify nuanced risks not readily identifiable.

Performing a gap analysis and conducting a relevant assessment are foundational steps in ensuring proper management and mitigation of risks; however, remediation is the most important facet of a risk review. Our risk remediation services are tailored to findings promulgated by previous audits and reviews or from recent risk assessments. We assist organizations for an extended period of time to refine processes identified as non-compliant or highly critical during audits and other risk reviews.

effectively categorizing and measuring risks to improve operations

Universal criteria in measuring risks are inefficient. Risk assessments should be tailored to meet the size and complexity of an organization’s operation and business processes. Failure to customize evaluation criteria is detrimental to the effectiveness of risk management and mitigation. Riddle Compliance customizes its risk evaluation tools for optimal efficiency. Our risk analyses and recommendations are detailed and constructed in alignment with the criteria developed during the gap analysis and assessment phases of a comprehensive risk evaluation. We provide clients with usable suggestions and information for short-term improvement and long-term goal setting. Analyzing risks is a long process and requires expertise to ensure proper assessment of company policies, controls, and related procedures. A review of employee and stakeholder interviews is performed along with evaluation of documentation and sampling of pertinent records.

Performing a gap analysis and conducting a relevant assessment are foundational steps in ensuring proper management and mitigation of risks; however, remediation is the most important facet of a risk review. Our risk remediation services are tailored to findings promulgated by previous audits and reviews or from recent risk assessments. We assist organizations for an extended period of time to refine processes identified as non-compliant or highly critical during audits and other risk reviews.

risk remediation services

Identifying pertinent risks is a start to advancing business operations, but effective companies harness internal audit findings to initiate remediation and growth. Our risk remediation services are for focused organizations looking to refine policies, processes, and related controls following one or more internal reviews with clear audit findings. Organizations in highly regulated industriesCompanies requiring ongoing internal auditing by mandateAny company with a desire to understand enterprise risksEntities looking to create systematic risk management processes. Risk-based gap analysis on the current state of the organizationCreation of a usable risk identification tool and assessment criteriaRisk analysis and formal written report with recommendationsRemediation and response suggestions.

Risk assessments begin with a preliminary evaluation of current processes, controls, and governing policies and procedures. A gap analysis functions as a survey of business operations, a review of compliance against applicable guidelines, and a bench-marking tool to measure ongoing growth. Our gap analyses are tailored to our clients’ needs and specific risk profiles including but not limited to cyber risks and IT infrastructure issues, operational concerns, governance and compliance considerations, industry trends, and other nuanced threats.

effectively categorizing and measuring risks to improve operations

Universal criteria in measuring risks are inefficient. Risk assessments should be tailored to meet the size and complexity of an organization’s operation and business processes. Failure to customize evaluation criteria is detrimental to the effectiveness of risk management and mitigation. Riddle Compliance customizes its risk evaluation tools for optimal efficiency. Our risk analyses and recommendations are detailed and constructed in alignment with the criteria developed during the gap analysis and assessment phases of a comprehensive risk evaluation. We provide clients with usable suggestions and information for short-term improvement and long-term goal setting. Analyzing risks is a long process and requires expertise to ensure proper assessment of company policies, controls, and related procedures. A review of employee and stakeholder interviews is performed along with evaluation of documentation and sampling of pertinent records.

Performing a gap analysis and conducting a relevant assessment are foundational steps in ensuring proper management and mitigation of risks; however, remediation is the most important facet of a risk review. Our risk remediation services are tailored to findings promulgated by previous audits and reviews or from recent risk assessments. We assist organizations for an extended period of time to refine processes identified as non-compliant or highly critical during audits and other risk reviews.