CFO Advisory primarily offers business and risk solutions for Company Management. We have documented experience from a wide range of industries, organizations and the international market.
CFO Advisory assists your organization to achieve the following:
A structured Enterprise Risk Management Process to increase the organization’s operational effectiveness
Among the most critical challenges for management is determining how much risk the entity is prepared to and does accept as it strives to create value. CFO Advisory assists Management to create a structured risk management process based on COSO’s internationally well-known Enterprise Risk Management – Integrated Framework.
Clear Policies and guidelines as a tool to communicate e.g. financial reporting objectives, internal control requirements and ethical values, to both internal and external stakeholders
Finance Manual, Internal control standards and Anti-corruption policies are some of the key documents to ensure consistency of financial reporting and compliance with internal procedures. Typical assignments include establishing a whistleblower channel, updating a company’s Finance Manual, document key elements of the organizations internal control requirement.
Reliability in internal and external financial reporting to ensure business decisions are made on correct figures
Group management, business line managers and other internal and external stakeholders rely on the internal and external reports prepared by the organization when making business decisions. We can assist management in evaluating how accurate the current reporting is and assist management in establishing structured and documented processes and controls to increase the reliability of the organization’s financial reports.
Streamlined Finance Departments can be achieved through outsourcing to third-party provider
Finance/Accounting Departments within organizations tend to grow with the organization’s expansion to be able to handle more transactions and the complexity of the organization. Finance Department seldom gets the opportunity to review the process work flow in order to become more effective and efficient. We can assist with a structured analyze of your current work flow to identify opportunities for streamlining your Finance Department, either through outsourcing to a third-party provider or changes of the current work flow through changes of roles and responsibilities.
Interim solutions for key positions within finance, accounting and controlling to assist during periods with lack of resources
In situations when your key employees within the Finance Department or Business Control for some reason leave the organization or when new subsidiaries are acquired a need for an interim solution occur. We provide competent resources to cover your resource gaps to ensure that your organization can keep up the pace with minimal disturbance.
Process of assigning external auditors and follow up on their performance is time consuming, complex and expensive
External auditors need to be replaced from time to other and also evaluated on their performance to ensure the work has been carried out as expected. We have many years of experience from external auditing and can assist you with structured tender procedures to receive high quality deliverables from your auditors at a competitive price. Based on our knowledge from the external auditing industry we also have the possibility to evaluate the external auditors performance against the total cost to ensure you get what you pay for.