3rd Line of Defence

The evolving nature of products, regulation and supporting risk management frameworks requires the flexibility to deliver bespoke, off-cycle audits. Audits that provide assurance to both Executive and non-Executive Management. In 2018 such specialist audits were commissioned by various firms to assess Risk Management’s response to losses arising out of a margin loan impacted by corporate fraud.

Audit functions with a full calendar of audits are not generally resourced with the risk experts that can provide the effective challenge to specialist judgmental and subjective designed control frameworks.

Arboreal Risk Advisors tailors support for specific audits using appropriate expert knowledge to assist in the design of audits and giving assurance and challenge to any externally provided third party services.