Risk Management

Aurco uses a world best practices Enterprise Risk Management framework to ensure that all risks are identified in any organization. 
The Risk Assessment process is facilitated by Aurco Risk Management facilitators using best practice Enterprise Risk Management (ERM) principles and concepts
We provide state of the art tools and staff capabilities in the assessment of the risk environment and control environment. Through the use of these tools and capabilities, we evaluate each element in the control cycle:
* Objective setting.
* Risk assessment.
* Control evaluation.
* Control testing through the audit process.
* Control framework redesign.
* Monitoring.

Aurco Risk Management will evaluate management’s response to risk in terms of the selected risk tolerance of each risk and will report thereon.

Aurco has also been involved in the development of a unique Enterprise Wide Risk Management system named BEAR (Business Enterprise Audit Risk).  The BEAR solution has the following benefits:

• Tailor the Software to your Organisational Needs.
• Scalable from site to international operations.
• Qualify risk types in categories.
• Qualify Risk Severity & Probability.
• Determine Control Qualities.
• Link to responsible person.
• Online Based Access from Remote Sites.
• Tracking Risks for Additions and Changes.
• Accountability for management of risk through task driven system.