We help organisations create a modern and effective governance model and introduce the GRC (governance, risk and compliance) concept – an integrated approach to corporate governance, risk management and regulatory compliance to ensure your organisation is able to operate efficiently in the long term.
Our services
- Assessing your corporate governance maturity
- Setting up an internal control system and assessing its maturity
- AML/CTPF and sanctions issues
- Business crisis, resilience and continuity
Assessing your corporate governance maturity
Corporate governance plays an important role in day-to-day business, aiming to promote integrity, transparency and responsibility, which are all significant criteria not only for your business and long-term value growth but also to earn the respect of your external stakeholders.
How we can help
PwC conducts a corporate governance maturity assessment based on 17 principles included in the Code of Corporate Governance drawn up by the Latvian Ministry of Justice, thus providing an independent assessment of your organisational maturity, the distribution of your board and council roles and responsibilities, decision-making processes, functional operations, as well as transparency throughout the cycle of your governance processes.
Setting up an internal control system and assessing its maturity
Effective internal control is the cornerstone of a risk governance programme. Internal control is a tool in need of constant improvement to help your organisation achieve its goals and to protect it from financial, operational and strategic risks.
Our service offerings include:
- Creating a system of internal controls according to the size, complexity, business model and risk profile of your organisation (developing procedures, policies, risk assessments and other elements of your control environment).
- Assessing your internal control system and preparing recommendations to improve your control environment.
AML/CTPF and sanctions issues
Organisations are constantly being required to assess each transaction for potential association with money laundering and terrorism financing, as required by the Latvian Anti Money Laundering and Counter Terrorism and Proliferation Financing Act. The obligation to comply with international and national sanctions is no less important.
We offer innovative solutions for preventing financial crime that will help you improve how you monitor your transactions, eliminate discrepancies, and optimise the operation of your transaction monitoring systems.
Our service offerings include:
- Developing your AML policy and procedures
- Due diligence
- Meeting your KYC requirements
Business crisis, resilience and continuity
To keep your organisation up and running in times of crisis, it’s essential that you review your contingency plans and secure the ability of your suppliers to support your business in times of crisis.
We will help you develop resilient strategies to protect your organisation from the impact of business interruption risk.
Our service offerings include:
- Preparing business continuity plans
- Devising disaster recovery plans and crisis management plans
- Change management
Solutions tailored to meet your organisational needs
Working together with our colleagues across the PwC network enables us to find solutions to your needs. Our goal is to help your organisation prepare for, respond to, and overcome a crisis to support your lasting operations and growth.
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