Risk and Compliance Advisory
Risk and Compliance Advisory
We offer comprehensive advisory services to help businesses navigate risks, ensure
regulatory compliance, and enhance operational resilience. Our solutions are designed to
address the evolving challenges faced by organizations today. Our Risk and Compliance Advisory Services includes:
Internal Control
Internal Control
Our Internal Control services focus on strengthening governance frameworks to ensure effective oversight and operational efficiency. We assist in identifying risks, designing, and implementing internal controls that align with business goals and regulatory requirements, including Sarbanes-Oxley (SOX) compliance. Whether it's control testing, remediation, or process improvements, our team ensures robust risk management practices across your organization.
ESG Management
ESG Management
To achieve sustainable growth, businesses must promptly identify, prioritize, and effectively respond to various risks and opportunities.Our ESG (Environmental, Social, Governance) Management services provide diverse insights that help clients continuously generate financial performance and strengthen their license to operate from stakeholders by addressing the various risks and opportunities their business faces.
Deep understanding of the
Company and Industry
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Strong understanding of Company business
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Understanding of accounting issues of the Company
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Experience of external audit and various services in relevant industry
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Extensive understanding and experience of global organization
In-depth experience
with SOX
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Former Big 4 auditors with control testing experience
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Integrated audit experience
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SOX & IT control experts
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Response to external auditors’ concern
Support for strengthening company capabilities
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Conduct follow-up on various issues that occur after implementation
of internal control process -
Long-term plan to support the Standardized internal control process
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Provide SOX training to stakeholders
Understand the Business and the Company
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Understand the business process
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Leverage our in-depth understanding of various industries and experiences
Preparation & Review of existing Internal Control Documents
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Review/prepare company's internal control documents, such as RCM (Risk-Control Matrix), Flowchart, Narrative Documents
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Perform risk assessments to ensure there are no major gap from external auditor’s perspective
Test of Design
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Walkthrough identified key controls and perform test of design
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Ensure controls are properly designed to mitigate the risks
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Recommend improvements for any design gap
Test of Operating Effectiveness
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Perform operating effectiveness testing
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Test full sample size based on control frequency
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Assist with remediation efforts to address any control deficiencies
Response to External Auditors
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Document test results to meet external auditor’s requirement
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ssist management responding to the inquiries related to Internal Control audit
LEK Partners provides full-spanning services, from planning ESG management to communicating
the company’s ESG performance. We also customize our offerings to better serve our clients'
endeavors to increase their sustainability.
Our ESG Planning Services help clients benchmark against peers and ensure readiness for new regulations,
closing performance gaps and mitigating risks through strategic, actionable plans.
Benchmarking
Our ESG Benchmarking service identifies peer companies with similar business profiles and compares their ESG planning, execution, and communication scores. We then help clients set targets to close gaps with leaders and develop actionable plans.
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Peer Identification
Identify peers with similar business profiles and market positions.
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Peer ESG Scoring
Evaluate peer companies's ESG management practices.
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Comparative Analysis
Compare the client's ESG efforts with peer scores.
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Gap Analysis & Target Setting
Identify gaps and set targets to close them.
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Action Plan Development
Prioritize targets and develop a detailed improvement plan.
Readiness Review
Our ESG Readiness Review service identifies upcoming standards and regulations, assesses client compliance, and helps prioritize actions to mitigate risks and close gaps in ESG performance.
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Regulatory and Standards Identification
identify new or upcoming ESG standards and regulations.
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Requirement Analysis
Analyze key ESG-related requirements of identified standards.
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Compliance Assessment
Assess client's ESG compliance with these requirements.
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Risk Identification
Identify non-compliance aresa and analyze associated risks.
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Gap Closing & Action Planning
Prioritize targets and develop a comprehensive risk mitigation plan.
Our ESG Performing Services convert client targets into prioritized actions based on "Double Materiality" and crafts
tailored stakeholder engagement strategies to enhance financial, environmental, and social performance.
Prioritization
Our ESG Prioritization service transforms stakeholder requirements or client targets into actionable items and evaluates their impacts using the "Double Materiality" approach, to give our clients insights on what to respond first.
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Action Item Identification
Identify internal/external ESG requirements and develop action items.
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Impact Analysis with Double Materiality
For each action item identified, assess below:
·The impact on the company's short-term & medium-to-long-term ESG performance.
·The compan's influence on internal & external communities and the natural environment.
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Prioritization
Prioritize items based on impact and client readiness.
Stakeholder Engagement
Our Stakeholder Engagement service identifies key stakeholders, evaluates their influence and interest, and designs tailored engagement channels to effectively respond to their input for our clients to improve their ESG performances.
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Stakeholder Identification
Identify stakeholders impacting on or impacted by business.
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Influence and Interest Analysis
Assess influence and ninterest levels of each stakeholder group.
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High-Importance Stakeholder Selection
Select high-importance stakeholders based on influence and interest.
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Engagement Channel Design
Design engagement channels for high-importance stakeholders.
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Response Planning
Develop respones plans based on stakeholder input.
Our ESG Perceiving Services convert ensure robust compliance by verifying client disclosures and evaluating practices
through detailed due diligence, enabling continuous improvement on client's ESG practices and communications.
ESG Disclosure Assurance
Our ESG Disclosure Assurance service scopes client disclosure drafts, analyzes compliance with reporting standards, adopts verification methods, and provides thorough assurance reports along with additional recommendations for improvement.
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Scoping
Receive ESG disclosure drafts and determine assurance scope.
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Requirement Analysis
Analyze assurance topics against relevant disclosure standards. (e.g., GRI, IFRS, ESRS, etc.)
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Assurance Approach Design
Design assurance approach using applicable assurance standards. (e.g., ISSA 5000).
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Assurance Execution and Reporting
Conduct assurance and deliver comprehensive assurance report.
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Recommendations
Provide recommendations based on assurance findings.
ESG Due Diligence
Our ESG Practice Due Diligence service identifies compliance requirements, develops due diligence tools, conducts site evaluations, and provides detailed reports with remediation plans for significant deficiencies.
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Requirement Identification
Identify compliance requirements of laws, standards, and policies.
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Due Diligence Tool Development
Create checklists and questionnaires for due diligence assessment.
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Entity Selection & Scheduling
Select entities and schedule due diligence evaluations.
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On-site Evaluation & Reporting
Conduct on-site evaluations and compile findings into a report.
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Remediation Planning
Obtain action plans for deficiencies and conduct follow-ups.
We leverage our expertise in corporate disclosure and ESG topics to help our clients effectively convey essential
sustainability information to key stakeholders and drive feedback to continuously achieve its sustainable growth.
Sustainability Reporting
Our Sustainability Reporting service identifies key stakeholders, selects significant disclosure topics, adopts relevant reporting standards, and prepares comprehensive reports, ensuring alignment with stakeholder needs and jurisdictional requirements.
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Stakeholder Identification
Identify stakeholds needing information on ESG performance and governance.
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Topic Selection
Select disclosure topics based on stakeholder significance and materiality.
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Reporting Standards Adoption
Adopt reporting standards tailored to stakeholder needs and juisdictional requirements.
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Report Preparation and Assurance
Prepare the sustainavility report and obtain assurance for credibility.
Carbon Accounting
While LEK doesn’t offer a full-scope Carbon Accounting, we provide basic Scope 1 & 2 estimation services for limited facilities with available energy data, aiding urgent stakeholder disclosure needs until specialized providers are engaged.
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Service Limitations
LEK generally does not offer comprehensive Carbon Accounting Services because energy and engineering related technical expertise are required in equipment and utility planning.
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Conditional Offer
We are able to provide basic Scope 1 & 2 carbon accounting services for specific types and scopes of facilities with sufficient energy usage data.
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Theorical Estimation based on data available
For facilities has energy usage information, we identify and apply suitable emission factors to calculate or estimate their Scope 1 & 2 greenhouse gas emissions.
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Support in Finding Providers
LEK assists clients in identifying and transitioning to specialized carbon accounting service providers, for clients to enhance their readiness to carbon disclosure.
* While we do not offer full-scope Carbon Accounting service, we can
provide draft Scope 1 & 2 estimation services for facilities with energy
consumptions data available, aiding urgent stakeholder disclosure needs
until specialized service providers are engaged.
LEK Partners
ADDRESS: 3805 CRESTWOOD PARKWAY, SUITE 130, DULUTH, GA 30096
ITel : (770) 799-8111 l Fax : (888) 524-4416
IEmail : INFO@LEKPARTNERS.COM
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