Risk is unavoidable. Things would be uninteresting without it.  Nothing goes exactly as planned. Hope for the best and plan for the worse.  A minor issue can turn into a huge liability.  Avoiding a problem is invariably cheaper than fixing it.  But, risk can be managed and reduced – increasing the likelihood of maximizing the result. For accounting firms, risk comes in many forms.  Engagement risk. Personnel risk. Regulatory risk. Acquisition risk. Reputational. Data/cyber security risk. Operational risk. External/environmental risk. The list goes on and on.  As firms grow, risk management becomes a higher priority.  There is more to lose.

Identifying, accessing, planning, managing and monitoring risk is a well established process. It requires a strong commitment to a risk management state of mind.  With decades of experience helping firms, both large and small, managing risk, NewGate can help your firm keep more of what you earn.