Risk Management

RISK MANAGEMENT

Comprehensive enterprise risk management advisory solutions for businesses and entrepreneurs.

Enterprise Risk Management Program Advisory

Here at LEACIF, we value the components, principles, and concepts outlined in the Enterprise Risk Management Framework published by the Committee of Sponsoring Organizations.  The Framework's opening statements are "Integrating enterprise risk management practices throughout an organization improves decision-making in governance, strategy, objective-setting, and day-to-day operations.  It helps to enhance performance by more closely linking strategy and business objectives to risk.  The diligence required to integrate enterprise risk management provides an entity with a clear path to creating, preserving, and realizing value. [...] every entity - whether for-profit, not-for-profit, or governmental - exists to provide value for its stakeholders." *

We believe in these statements and couldn't summarize the description and purpose of an integrated, entity wide approach to enterprise risk management any better ourselves.  Instead, our goal is to assist clients with designing and implementing their own ERM program - to not only manage risks but to create and sustain additional value for their organization.  With a strategic focus, and relying on established guidance in enterprise risk and quality management as foundational to our process, we advise and assist businesses and entrepreneurs with the following:

  • Defining oversight and operating structures as they relate to strategy and business goals;

  • Defining and communicating your business's mission, vision, culture, and core values;

  • Considerations regarding attracting and retaining the right stakeholders, including employees, investors, business partners, or even customers, that align with your mission, vision, culture, and core values;

  • Establishing and communicating relevant objectives and strategies to achieving these objectives, including both entity wide and business level;

  • Documenting, assessing, and communicating risk information as it relates to achieving objectives and the business's goals;

  • Discussion, analysis, and documentation of controls designed to manage enterprise risks;

  • Communication as a means to manage risk;

  • Monitoring, updating, and documenting changes impacting enterprise risks.

We understand that for many businesses, implementing or changing their approach to enterprise risk management can be a major endeavor, and is not to be taken lightly.  While ERM principles and concepts are universal and can be fundamental tools applied to any business or entrepreneurial stage, the method and details of doing so are unique to each business and based on what is appropriate for each individual scenario. LEACIF offers both advisory and assistance of full ERM implementation, or consideration of structured, partial implementation.  Based on your business's activity, life stage, and goals, our approach is highly scalable.  Entrepreneurs may benefit from discussions and consideration of concepts that impact early stage activity only, while businesses that have been operational for a few years, or even decades, may gain greater value and control over their organization with full implementation.

Depending on service and implementation level, a copy of COSO's Enterprise Risk Management Framework may be licensed by your business through the AICPA.  We adhere to all copyright and acceptable use of the Framework rules required.  Having the Framework in hand is a powerful, valuable, and affordable tool to have available without limitation, both during implementation and for ongoing needs.  Public, summary resources are also available on COSO's website.

In addition to being incorporated into enterprise risk management advisory, we also provide risk identification and assessment services and vendor risk management advisory, as a component of our Systems Control services.  

 

*Enterprise Risk Management: Integrating with Strategy and Performance, © 2017 Committee of Sponsoring Organizations of the Treadway Commission (COSO), page 3. All rights reserved. Used with permission.

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Services
Managed Accounting

Managed

Accounting

Fractional accounting department services managed to scale with your financial strategy.

Tax Advisory

Tax

Advisory

Compliance, planning, research, and resolution for unique or complex tax matters.

Cybersecurity Advisory

Cybersecurity

Advisory

Cybersecurity risk management program and system and organization controls advisory.

Risk Management

Risk

Management

Comprehensive enterprise risk management advisory solutions for businesses and entrepreneurs.

Systems Control

Systems

Control

Integrated approaches to enhancing entity wide control over systems, processes, and procedures.

Startup Consulting

Startup

Consulting

Guidance, coaching, and advisory supporting new businesses and entrepreneurs.

Firm to Firm

Firm

to Firm

Advisory and assistance with best practices, process improvement, and professional matters.

Special Purpose Engagements

Special Purpose

Engagements

Purpose driven consulting and advisory projects to support strategic initiatives and value creation.

We support several leading and forward thinking industries that are meaningfully aligned with our firm's service intent and delivery.

Accounting and Bookkeeping

Accounting and

Bookkeeping

About Us

Our mission is to provide services in a manner reflective of our core values and spirit.  What inspires us?  Read more about LEACIF and what makes our firm unique. 

Core Values

Core

Values

We offer comprehensive accounting and advisory services designed to purposely impact value and strategic positioning for our clients.

Managed Accounting

Managed

Accounting

Services

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Founded and grounded in Michigan, U.S.  Established in 2014.