PRACTICE AREAS

Risk Management, Assessment and Advisory Services

Risk Advisory

Risk management is the process of identifying, assessing and controlling potential threats to an organization’s capital, earnings, assets and goals. It involves a systematic approach to minimizing negative impacts and maximizing potential benefits by making informed decisions to navigate uncertainty. Key steps in the process include risk identification, analysis, prioritization, mitigation and monitoring.

At A & S Advocates, we specialize in proactive risk management to help organizations identify potential risks early and implement strategies that eliminate or reduce the likelihood and impact of negative events before they occur. Key aspects of our proactive risk management approach include detailed risk assessments, leveraging on technology for early detection and developing robust preventive measures.

Our proactive risk management approach includes:

1. Risk Identification – systematic analysis to identify potential hazards and threats that could negatively affect objectives.
2. Risk Analysis and Evaluation – determining the probability of each risk occurring and the potential severity of its impact.
3. Risk Mitigation – developing strategies to eliminate or reduce the likelihood or impact of identified risks.
4. Monitoring and review – continuously observing risks, reviewing the effectiveness of prevention strategies, and making necessary adjustments to the risk management plan.

Our risk advisory services include:

Risk prevention-Screening - background checks to verify:

• Identification documents
• Education documentation and professional credentials
• Credit records
• Criminal records and international sanctions lists
• Trend analysis

Risk assessments

• Identification
• Evaluation

Risk management planning

• Mitigation
• Monitoring