Consulting services, on the other hand, are characterized by the scope and nature of the engagement being determined in collaboration with the client, aiming to enhance and refine the organization's governance, risk management, and control processes.
The company's risk management procedures are evaluated by aligning its goals with its mission, prioritizing and assessing risks, and selecting suitable responses to keep risk
within the company's appetite.
Risk information is communicated promptly to enable employees, departments, and the board of directors to fulfil
their responsibilities.
