At Dains, our Compliance & Risk Team will work with you to facilitate workshops to discover your biggest fraud risks, as well as your inherent and residual risks.

 Investigation into Compliance & Risk

An inherent fraud risk is a risk that an activity would pose if no controls or other mitigating factors were in place.

A residual risk is a risk that remains after controls are considered.

Undertaking a workshop will mean that any organisation can really demonstrate that any risks have been thoroughly looked at and addressed. This is much more effective than relying on verbal assurance that all the right measures are in place.

Compliance & risk workshop assessments could play a significant role, if needed, in influencing the annual audit process.