Governance, Risk & Compliance

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Comprehensive GRC consulting

Regulatory changes, such as sustainability issues or stakeholder requirements, present companies with major challenges. With the help of a holistic approach in the area of governance, risk and compliance, risks can be identified as early as possible and suitable processes and controls can be derived. Adherence to internal and external requirements, and therefore compliance, can thus be guaranteed within the company.
In the interests of good corporate governance with a holistic risk strategy, the individual governance areas consisting of the internal control system, risk management and compliance must be closely interlinked. The internal control system focuses on risks at the operational or process level of the company. In addition, risk and compliance management systems counter risks through risk-oriented programmes and standardized procedures. Internal Audit, on the other hand, acts as an independent monitoring body and initiator.

Current Hot Topics

GRC - Environmental Social Governance

ESG solutions

WTS Advisory offers comprehensive solutions in the area of ESG (Environmental Social Governance). This includes the implementation and optimization of internal control systems (ICS) to ensure data quality and transparency in ESG processes. The advisory services also include the assessment of climate risks and support with risk reporting.

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GRC - IPO Readiness

Solutions in the area of IPO readiness

When it comes to implementing corporate governance requirements in the context of IPO readiness, companies face a variety of challenges that need to be solved. The experts at WTS Advisory are at your disposal with various solutions.

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What are the current challenges?

Natalie Wurms

Increasing regulatory requirements coupled with scarce resources present our clients with growing challenges. Our business partnering approach enables us to provide flexible support.

Our expertise in the area of GRC

For all support services from our service portfolio, we ensure that you are supported by an experienced WTS Advisory team of trained specialists. We are currently focusing on the following services in particular:

Our range of services for the ICS (internal control system)

WTS Advisory supports companies in the implementation and optimization of internal control systems (ICS) and IT general controls (ITGC). Services include the analysis of existing systems, the design and implementation of optimization measures and the review of the appropriateness and effectiveness of controls. Special emphasis is placed on compliance with legal requirements, the separation of functions and ensuring IT security.

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Our range of services for RMS (risk management)

WTS Advisory offers comprehensive services in the area of risk management. These include the identification, analysis, evaluation, control and monitoring of risks. A functioning risk management system helps companies to identify and manage risks at an early stage. The services include the design and implementation of risk management systems, the review of their appropriateness and effectiveness and the fulfillment of regulatory requirements. In addition, measures for risk management and monitoring are developed and operational support is offered for the assessment of risks.

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Our range of services for the CMS (Compliance Management System)

The relevance of compliance management systems (CMS) has been well known since the 2008 financial crisis and financial scandals such as Wirecard. An appropriately designed compliance management system is crucial in order to maintain the confidence of the capital markets and avoid negative effects on the company or the management/board of directors. WTS Advisory supports you with the challenges involved in setting up an appropriate compliance management system.

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Our range of internal audit services

The experts at WTS Advisory offer support and expertise in the field of internal auditing. This includes the creation of audit plans, operational support, deployment of specialists, structured documentation and confidential auditing activities. In addition, concepts for outsourcing or co-sourcing are developed and the appropriateness and effectiveness of internal auditing is reviewed. Modern methods such as data analysis and process mining are used to increase efficiency and quality. The aim is to provide companies with holistic support in coping with peak workloads and building up internal auditing capacities.

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Further service portfolio in the area of Governance, Risk & Compliance

IT Governance

Data protection & data security

Board Advisory

Tax CMS 2.0

Your contact persons

Natalie Wurms

Partner Advisory

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Nikolaus Färber

Board WTS Advisory

+49 (0) 89 28646-2700

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Contact us today

Do you have any questions about our services or WTS? Please let us know. Please fill in our short contact form. We will get in touch with you as soon as possible.

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