Risk management and other services

Risk management and other services

Businesses face all kinds of risk and we provide risk management and assurance services to ensure those risks are identified and managed in the most effective way

Fraud prevention & investigation

Designing effective systems within your business to prevent, deter and detect fraud is essential.  We can work with you to develop systems that are designed to reduce the likelihood of fraud in key business processes, such as payroll, cash receipting and procurement. Where fraud is suspected or detected, we can undertake a thorough investigation and, if required, document findings for legal proceedings.

Internal audit

We provide outsourced and co-sourced internal audit services that help you to manage your risks. We focus on developing and executing risk-based internal audit plans that are designed to rigorously test your existing control procedures and identify areas where improvements are required. Common risk areas we provide assistance with include IT risk assessment, such as data management and cybersecurity and supply chain management.

Financial reporting advice

Accounting standards are constantly changing and becoming harder to apply.  We can assist by:

  • Providing accounting advice on significant, complex transactions in a time-sensitive manner
  • Guiding entities through changes to financial reporting standards
  • Helping you streamline financial statements
  • Liaising with the External Reporting Board, through the Technical Resource Group, to support local businesses in applying GAAP in New Zealand

The Technical Team are part of a global group of advisory professionals through the Baker Tilly International network. We are able to leverage knowledge locally and offshore to meet your international financial reporting requirements.

Agreed-upon-procedures

Agreed-upon procedures engagements can be helpful where you want a targeted review undertaken, or specific information about particular matters, such as one area of your business or one section of your financial statements. We work with you to discuss and agree your requirements and design and perform appropriate procedures. We recommend these types of engagements for funding agencies, as it can be useful to target specific areas they are interested in, for example, giving specific information relating to a particular grant such as whether it was received and banked by the organisation, that specific items were purchased, or that specific wages were paid.

Technical reviews

We can provide you with technical advice to assist you in adopting new or updated financial reporting standards, or accounting for complex transactions or new business structures. We liaise with our international colleagues, as well as the External Reporting Board and key regulators such as Charities Services and the Financial Markets Authority, to keep on top of financial reporting and regulatory changes.

We have a team of experts who can assist you in accounting for your business in line with changing technical requirements and business practices.

Enterprise risk management

We can assist management and boards to develop and execute a cross-functional approach to risk management. This approach will enable your business to focus on identifying and managing the key business risks that are most likely to impact on achievement of your strategic objectives. We can also provide dedicated governance support such as facilitating board workshops to identity their key strategic risks, based on our experience across a number of industry areas.

Services

News

01 Sep 2021

Hawkes Bay Firm congratulates new Associate

Our Hawkes Bay Firm is delighted to confirm the promotion of Vipin Thomas to Associate. Here's an opportunity to read more about his career and Baker Tilly story.  

26 Aug 2021

Service Performance Reporting “ Going for Gold

Just like the Olympics, the ‘go live’ date for PBE FRS 48 Service Performance Reporting, has been delayed a year, because of the flow on impact of Covid-19. The standard requires larger registered charities to prepare a Statement of Service Performance (SSP) to ‘tell their performance story’.

11 Mar 2021

Carolyn Jackson Appointed to National Board

Baker Tilly Staples Rodway is proud to congratulate Carolyn Jackson on her appointment to the network’s national board, where she will represent the regional and Wellington audit practices.

20 Nov 2020

Payroll fraud within entities

17 Sep 2020

International Success for Director David Goodall

We’re thrilled to announce Taranaki audit specialist David Goodall has been recognised internationally as a rising accounting star.

07 May 2020

Decoding audit reports in the COVID-19 world

There is no doubt this is one of the most uncertain times most of us have experienced. The corporate world is no different with many businesses facing impending closure at worst; and heightened uncertainty at best.

05 Feb 2020

Growth spurs six senior appointments at Baker Tilly Staples Rodway

Reflecting strong growth across the business in recent years, we have appointed six new directors to boost our senior leadership team.

02 Jul 2019

Safeguard your business from fraud and theft

28 May 2019

Review of the Charities Act Accumulation of Funds

31 Mar 2019

Accounting standards: The latest (and greatest) changes

There’s a first time for everything and that includes two new accounting standards which will soon affect many financial statements.

20 Feb 2019

Current Requirements Imposed on Incorporated Societies

19 Dec 2018

New Zealand Charity Reporting Awards 2019

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