Alyned Thinking

Why new thinking is needed and how we are putting our expertise to work.
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    Thought Leadership

    Doing Risk Assessments Right

    Most organisations follow a sample based approach to identifying risk or gaining assurance for reasons of cost and practicality. Risk Assessments are already widely used and accepted as a method for risk identification and assurance and can be an extremely powerful and cost effective tool when done right and an utterly useless tool if done wrong. Consider the global practice of filing tax returns as a highly effective way of getting billions of people to declare their income and deductibles through a self assessment process. The previous Safe Harbor scheme, on the other hand, is an example of applying self assessments without any controls or meaningful oversight and using self assessments very poorly.
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    Thought Leadership

    Can Risk Management and Compliance be digitalized?

    Digitalization is a seemingly new buzz word on the agenda in many organizations as well as in pitch decks of savvy consultants. It describes the introduction of digital technology to an organizational process to make existing activities more effective or deliver a new service to the organization. Avoiding manual steps, human intervention and any unnecessary interfaces are commonly a focus point. Over the past decades, the term has been used in various contexts, from actually transforming physical processes like type setting to digital printing or using computer aided design instead of pencil and paper. However, in today’s practice, businesses usually mean leveraging X-as-a-Service offerings to apply flexible and scalable technology to optimize a specific business outcome when talking about digitalization.