Risk management

Charity trustees make a statement each year in the Trustees' Report confirming that the charity has identified the major risks it faces and that appropriate steps have seen taken to mitigate them.

Trustees of larger charities are likely to find it very difficult to make this statement without formal review of the system of internal control, a process usually undertaken by internal audit.

Horwath Clark Whitehill Risk & Assurance group advises charities and not for profit bodies on risk management and provides internal audit services.

Our Charity Magique software provides market-leading risk management capabilities, combining the latest in risk theory with an easy-to-use, internet-based user interface.

Our internal audit approach is based on the Institute of Internal Auditors 'Risked-based Internal Audit' approach, ensuring that the findings of each audit are relevant to trustees and management. Our reporting is designed to give positive assurance about the things that are working effectively, as well as making recommendations where control can be improved.

For more information, contact Tim Baines by email on tim.baines@horwath.co.uk or by telephone on 020 7842 7100.

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