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Through the Risk Management Services (RSM) AAM provides the Clients with the most appropriate support for the assessment, management and monitoring of the key risks and for improving Clients’ long-term economic and financial positions through prevention. Through our services, AAM secures the operations within the companies, and in the case of new emerging businesses, we work closely with our Clients in developing the control environment required for the security of the operations. AAM aims to deliver solutions which can later be maintained by the Clients themselves, which improves not only the enterprises’ professional knowledge, but their security awareness and commitment to adequate risk management solutions as well.
Our service aims to minimize the losses suffered by enterprises due to fraud, misappropriation and mismanagement. In a rapidly changing economic environment, attempts will always be made at taking advantage of the lack of certain controls, others’ irresponsible conduct, i.e. opportunities "offering themselves".
In case of a fraud, AAM assists Clients in the investigation with the hypothesis development, data collection, analysis, as well as presentation of the outcomes to the Client and/or authorities. Our consultants provide assistance to the compilation of the technically and legally complete evidence packages suitable for trials in court. Simultaneously, AAM assesses the impact of potential fraud on the enterprises concerned, proposes measures for prevention and strengthens the security awareness through delivering specific training and tests (such as social engineering).
The Quick Fraud Risk Assessment (QFRA) identifies key fraud-related exposures can serve as the cornerstone of an effective antifraud program. QFRA also evaluates the existing controls and focuses specifically on control measures aimed at preventing or detecting fraud related activities.
Our service concentrates on fraud schemes, models and scenarios. Assessments aim to identify activities that can significantly impact the organization's reputation, expose the company to criminal or civil liability, or result in a (financial) loss. Our consultants identify all the potential schemes and scenarios impacting the industries and geographic markets in which the organization conducts business.
Furthermore, our professionals assess the fraud prevention program including fraud risk oversight, fraud risk ownership, fraud risk tolerance and risk, management policy.
This service is designed to evaluate the entire process of generating revenue in order to ensure that enterprises obtain the revenue they have really worked for. In the course of the engagement, AAM re-calculates revenues from elementary data to those accounted for in books and identifies the potential sources of losses. This work is carried out by using independent algorithms and deviations are documented.
The deviation analysis can lead us to typical problems such as errors in the ERP system parameterisation.
Our consultants review the content, frequency and accuracy of MIS reports required for the precise assessment of revenues, and make recommendations, as required, related to the design and implementation of new reports. Following assessment, recommendations are also made concerning the development and/or re-engineering of certain related operational processes, and the establishment of a new organizational unit to access the earned revenues.
Human resources are one of the greatest investments of an enterprise. Although it is employees that are entrusted with its assets, knowledge base, technology, know-how and reputation, they do not always act prudently.
As early as the beginning of the recruitment process (for instance, through the analysis of CVs, the verification of information, the conduct of interviews, stress tests, etc.) AAM can actively support enterprises in selecting the appropriate new employee, manager or "extern" as well as in formulating an opinion. Where there are several candidates with identical skills, AAM assists the Clients in the design of an Assessment Centre and the administration of specific blocks.
Our consultants cooperate with the Clients’ HR professionals in creating profiles that enable filtering out certain employees who are considered to be of higher risk. AAM also helps Clients with periodic checks on the active employees, at the same time providing support for evaluation and assessing the potential risks.
Our service aims to map and register the valid and effective contracts and its associated companies, followed by a review of the extent to which each contract serves the Client’s interests in business, professional and technological terms.
As part of our analysis, our consultants use public data to confirm whether contract fees are market compliant and whether specific sanctions are in line with the relevant damage potentially caused. As a result of such a commission, indications of fraud and complicity between suppliers and purchasers may be identified, which will be documented and submitted to the Client for further actions. AAM makes recommendations concerning the improvement of contracting procedures and the development of appropriate controls, also involving legal advisors in making observations concerning modifications to the content and form of the contracts, including supplements to the General Terms and Conditions.
AAM reviews the Clients’ IT security situation (development, operations, outsourcing, etc.), including the protection of communication as well as physical, logical and HR security, maps vulnerabilities and makes recommendations for their (cost-) effective mitigation. The task may include the assessment and testing of governance and of the IT control environment, the establishment of the level of regulation (strategy, policies, codes, rules of procedure, instructions, standards, etc.) as well as recommendations for improvement. As a direct outcome of our investigation, damage from data leakage can be minimized. Relying on so-called social engineering, our professionals exploit human credulity to test, among other elements, the security awareness of employees and managers (and not the least that of externs), primary defence and the efficiency of their operation.
Our service helps Clients perform compliance audits to keep their market and financial positions, their brand names and reputation. In the course of such service, our consultants review the extent to which statutory, administrative (supervisory) and shareholder requirements are met. They review the structure of governance and integrated controls, assess the compliance and efficiency of their operation and propose measures for the correction of deficiencies.
AAM relies on highly qualified, experienced and independent
IT auditors in helping Clients to perform the IT related audits. This
solution is also cost-effective, as external auditors are
available to Clients only to the extent and for the duration
that is required by the tasks at hand.
In the course of their engagement, our professionals fully
perform the audit actions specified in the (annual) plan, and compile
their report according to the internal standards.
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