Risk consulting – KPMG Nigeria

Enterprise Risk Services: Empowering Risk Consulting
Risk consulting and management should be ingrained within an organization's culture, with every individual focused on managing and optimizing risk—not just a single department. From the chief executive down, everyone shares the responsibility. Past corporate failures have frequently been linked to a lack of accountability, strategy, and transparency.

With increased expectations from regulators and stakeholders, corporations and financial institutions now face greater pressure to uphold discipline, control, and responsibility. Failure to comply with both existing and emerging regulations can threaten reputations and livelihoods. The question is, how strong is your governance, risk, and compliance program?

Today’s financial risks are more acute than ever. Capital reserves, credit portfolios, investment strategies, and debt management require constant scrutiny to mitigate risks effectively. Additionally, companies must be cautious about the risks posed by suppliers, as a default or collapse can have serious financial and reputational consequences.
Fraud risks are another growing concern, especially during periods of financial stress. When resources are tight, employees may become more opportunistic, and external hackers more strategic. Lax security in previously well-resourced areas makes companies vulnerable. Are your systems and policies robust enough to safeguard against fraud?

Moreover, companies are more likely to resort to litigation in times of economic difficulty, seeking to recover losses through legal action. Disputes often arise as businesses attempt to assign blame for financial or business failures.

Could you find yourself embroiled in litigation as either instigator or defendant?
KPMG Nigeria’s risk consulting professionals offer the expertise necessary to help businesses navigate these challenges and maintain stability in the face of threats that could jeopardize their survival.