Risk Management

The taking of risks is part of every economic activity. It can lead to attractive returns or may even have  ideational motives. Risks, however, can be dangerous if they are not recognized or underestimated. Risk management incorporates identifying, evaluating and controlling adverse events. Its aim is to identify important trends early on. Successful risk management results in existence threatening effects being monitored, while, at the same time, opportunities being identified.

An effective management system is a key element to successful controlling of complex responsibilities; especially for larger religious or charitable organisations. It is reasonable to use an instrument for regular monitoring. To be effective this has to be implemented in an easy and effective way.

Throughout our consulting, we identify risks and their causes. We estimate their likelihood of occurrence and assess their potential impact. We help developing risk management measure and risk-mastery, whilst providing our clients with indicators for ongoing risk monitoring, implemented in an easy and intuitive software system.

Our risk-oriented auditing makes risks transparent, and estimate their magnitude. This allows for the effective controlling of downside risks being covered by equity capital. Furthermore, we evaluate existing risk management approaches. The efficient auditing is based on existing documents, such as the annual balance sheet, tax declaration, economic plans, detailed evaluation of revenues/costs, company agreements, the trade register excerpt, liabilities and staff situation.

Examples

  • Risk auditing of a complex monastery of a monastic community with its associated commercial enterprises incl. investments and debt
  • Development of a consistent, risk-oriented financial reporting system for a network of independent monasteries in several countries

Risk Management

The taking of risks is part of every economic activity. It can lead to attractive returns or may even have  ideational motives. Risks, however, can be dangerous if they are not recognized or underestimated. Risk management incorporates identifying, evaluating and controlling adverse events. Its aim is to identify important trends early on. Successful risk management results in existence threatening effects being monitored, while, at the same time, opportunities being identified.

An effective management system is a key element to successful controlling of complex responsibilities; especially for larger religious or charitable organisations. It is reasonable to use an instrument for regular monitoring. To be effective this has to be implemented in an easy and effective way.

Throughout our consulting, we identify risks and their causes. We estimate their likelihood of occurrence and assess their potential impact. We help developing risk management measure and risk-mastery, whilst providing our clients with indicators for ongoing risk monitoring, implemented in an easy and intuitive software system.

Our risk-oriented auditing makes risks transparent, and estimate their magnitude. This allows for the effective controlling of downside risks being covered by equity capital. Furthermore, we evaluate existing risk management approaches. The efficient auditing is based on existing documents, such as the annual balance sheet, tax declaration, economic plans, detailed evaluation of revenues/costs, company agreements, the trade register excerpt, liabilities and staff situation.

Examples

  • Risk auditing of a complex monastery of a monastic community with its associated commercial enterprises incl. investments and debt
  • Development of a consistent, risk-oriented financial reporting system for a network of independent monasteries in several countries