Services to
Strengthen Your
Assurance and Risk Management
Processes
Services to Strengthen Your Assurance and Risk Management Processes
Our Risk Advisory team is ready to collaborate with you to identify, assess, and respond to the risks your business faces.
A global team to enhance risk management, support compliance, and deliver cost-effective expertise
Every business faces financial reporting, regulatory, operational, and cybersecurity risks. Those risks grow and evolve with every decision, market shift, technological breakthrough, or change to legislation. The key to risk mitigation is to cultivate awareness of the source, nature, and severity of risks so that they can be appropriately identified, and an effective response articulated. Remaining aware of an evolving threat landscape can be the difference between a business that struggles and one that weathers uncertainties and thrives.
The Risk Advisory team works closely with business process, IT risk, and cybersecurity experts to help you implement and assess effective internal controls over financial reporting, consider IT risks proactively, and identify cybersecurity challenges and how to address them.
The Risk Advisory team works closely with business process, IT risk, and cybersecurity experts to help you implement and assess effective internal controls over financial reporting, consider IT risks proactively, and identify cybersecurity challenges and how to address them.
Extensive support to mitigate risk and strengthen internal controls
We offer a range of support for internal audits, business process review, SOC readiness and analysis, and risk advisory training for organizations. We collaborate closely with other specialist teams across Scrubbed to deliver comprehensive solutions and customize them so your team can implement them confidently. Our services include:
Financial Reporting Risks
Financial Audit service - Development of an audit program, risk assessment procedures, design assessment, platform review of the audit procedure, and the completion of an audit report.
Operational Audit service - Comprehensive review of critical processes, procedures, systems, and internal controls to identify areas for improvement. Practical recommendations to optimize their operations, increase productivity, and streamline business processes.
Operational Audit service - Comprehensive review of critical processes, procedures, systems, and internal controls to identify areas for improvement. Practical recommendations to optimize their operations, increase productivity, and streamline business processes.
Assessment / Preparedness Program for compliance with Sarbanes Oxley Act - Includes risk assessment, design assessment, operating effectiveness assessment of Key Controls, and gap analysis to identify potential deficiencies.
Business Process Review (BPR)- We advise on considerations for BPR when the organization is implementing new technology and procedures, for instance, introducing a new Enterprise Resource Planning ( ERP) system, to ensure risk mitigation is fully considered.
Individual Process Review - We audit the effectiveness of individual processes, such as Procure to Pay, to identify and assess risks, evaluate existing controls, and establish new controls to address risk.
Process Documentation – Detailed process documentation that includes initiation, recording, processing, and reporting of transactions and identifying internal controls.
Internal Control Framework Assessment - Evaluation of your compliance with a particular framework (usually COSO/COBIT), including recommendations for improvements that strengthen internal controls or IT governance framework.
Segregation of Duties (SOD) Analysis - Analysis to ensure no individual has complete control over a business process or transaction and that the organization has effective controls in place to prevent errors and fraud and maintain the integrity of financial reporting.
Systems and Organization Controls (SOC) Readiness/ IT Audit – Assessment of your organization's readiness to undergo a SOC audit. This involves identifying any gaps or deficiencies that would prevent your company from achieving a successful SOC audit for the relevant attestation framework ( COBIT and ISO 27000 series)
SOC Mapping and Analysis - Review vendors' control environment to determine the impact to your organization's own control environment.
Cybersecurity Services Review – Consideration of FedRAMP, OSINT, VAPT, HiTRust, and other cybersecurity services to ensure your organization meets the required standards.
We offer training courses and materials on risk advisory topics including cybersecurity awareness and information assurance (IA) awareness to help employees understand the impact of existing and new regulations and to share risk advisory and mitigation best practices.
Meet the Scrubbed Risk Advisory Leadership Team
Julemm Banag
Julemm has more than 13 years of experience in various finance roles, including internal audit, financial planning and analysis, and management advisory. She is the Director of the Risk Advisory Group of Scrubbed. She has 4 years of experience in various advisory service lines with KPMG, including information risk management in external audit, Sarbanes-Oxley assistance services, and internal audit services. Her experience also includes organization control audits serving local/multinational/listed companies in various industries such as manufacturing, consumer goods, shared services, and banking and finance. She also spent 4 years in PMFTC, Inc., an affiliate of Philip Morris International. She had worked in the internal audit department responsible for SOX compliance audit and corporate governance process and controls. Prior to joining Scrubbed, she was a part of the financial planning and analysis team responsible for the commercial spend strategy, review, and analysis focused on distribution, logistics, and sales overheads of PMFTC, Inc.
Jennifer Jane Bulaon
Jennifer Jane is a Senior Manager for Scrubbed’s Risk Advisory Group. She has more than 12 years of experience in internal audit, risk advisory, and external auditing. Her 4 year-experience in external audit handling clients in various industries such as manufacturing, service, gas, and oil was with PWC Philippines. She’s a Certified Internal Auditor with 7 years of experience heading the Internal Audit Department of a local conglomerate in different industries such as automotive, insurance, financing, real estate, food, and tri-media. She is knowledgeable in Sarbanes-Oxley, International Accounting Standards, International Financial Reporting Standards, US GAAP, and International Standards for the Professional Practice of Internal Auditing.
Matthew Gopez
Matthew is a Senior Manager for Scrubbed’s Risk Advisory Group. He has led ad-hoc engagements for Financial Statement conversions, detailed financial statement reviews, and 10Q/K reporting and review. He has extensive knowledge of revenue standards, lease standards, and financial instruments, and he prepares various memos under business combinations and analyzes equity and debt instruments. He is one of the proponents of the Firm’s knowledge resource center, FASTalks, which provides relevant accounting resources to clients worldwide. He also had extensive experience performing PCAOB-integrated audits and adopting new technical standards in EY Philippines, either in IFRS or US GAAP.
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Let’s talk about your Risk Advisory needs and how Scrubbed can provide tailored support to your organization.
Reap the benefits of partnering with Scrubbed
Access to Intellectual Capital
We have an exceptionally talented, experienced team of risk advisory professionals, all uniquely qualified to address your business’s specific needs.
Technology-Driven Approach
Our team employs cloud-based software solutions that streamline our processes and enable us to work efficiently on your behalf.
High-Quality Service
Our structured processes, policies, and procedures ensure you always receive timely and actionable deliverables of the highest quality.
Additional Capacity
Whenever your business experiences capacity limitations, we are ready to supplement your people while meeting your risk advisory needs—eliminating the need to train and hire more people and incur additional overhead costs.
Cost-Effective Approach
Our outsourcing model significantly reduces your accounting and finance costs while ensuring you receive high-quality service at par with the Big 4.
Core Business Focus
By partnering with us for risk advisory services, you conserve time and energy to focus on your core business.
Ready to partner with professionals with the expertise to help you mitigate financial and compliance risks?
Let us discuss your specific Risk Advisory needs and how we can address them.