Risk Management and Controls

Understanding and managing risk is essential to protecting your organisation’s future. Our risk management and internal control services help you identify potential threats, strengthen processes, and create a framework for better decision-making.

An accountant performing a risk management assessment with a client

Helping you protect your organisation and plan with confidence

Effective risk management goes beyond identifying what could go wrong — it’s about anticipating challenges, safeguarding assets, and embedding resilience across your organisation.

We work alongside boards, trustees, and management teams to build robust internal controls that support growth and compliance.

How our risk management and control services benefit your business

At Forrester Boyd, we bring together audit expertise, regulatory understanding, and commercial awareness to help you establish effective control environments. Whether part of a wider audit engagement or as a standalone review, our services deliver clarity and assurance.

1

Risk Assessments

Comprehensive reviews to identify vulnerabilities in financial processes, governance, and operational activities.

2

Internal Control Reviews

Evaluation of existing controls to determine effectiveness and recommend practical improvements.

3

Policy and Framework Development

Support in designing and implementing tailored risk management frameworks, policies, and reporting structures.

4

Process and Systems Testing

Independent testing of your systems and procedures to ensure they operate as intended.

5

Continuous Improvement

Ongoing monitoring and support to help you adapt your controls as your organisation grows or regulations change.

Protect your business with robust risk management and control systems

Who benefits from risk management and control reviews?

Our services are designed for any organisation that wants to improve resilience, strengthen governance, or prepare for audit. They are particularly valuable for:

Growing businesses

Managing new risks as structures, systems, and teams expand.

Charities and Not-for-Profits

Ensuring strong stewardship and compliance with governance codes.

Academy Trusts and Educational Institutions

Supporting ESFA assurance and governance frameworks.

Corporate Groups

Coordinating controls and oversight across multiple subsidiaries or entities.

Publicly Funded or Regulated Organisations

Meeting external assurance and accountability requirements.

Sector specialists

Our risk and control specialists work across corporate, charity, education, and public sectors, offering insights built on decades of experience.

We understand that every organisation faces unique challenges — from cyber and financial risks to regulatory and reputational issues.

We tailor our approach to your structure and priorities, delivering practical, realistic recommendations that strengthen resilience without adding unnecessary complexity.

Forrester Boyd accountants

More than compliance

Strong risk management is about more than meeting regulatory expectations — it’s about building confidence and improving performance.

We help you create a culture of accountability and foresight where risk awareness supports smarter decision-making.

We combine modern audit techniques, deep sector knowledge, and clear communication to deliver advice you can act on.

Independent assurance on the strength of your internal controls.

Improved efficiency through streamlined processes.

Enhanced resilience against operational, financial, and reputational risks.

Practical recommendations that add measurable value to your organisation.

Frequently asked questions

Here are some of the common questions we receive about our risk management and control services:

It’s an independent assessment of your organisation’s governance, risk framework, and internal controls to ensure they are effective and proportionate.

Internal audits often include risk reviews, but a standalone risk management engagement provides a more focused and strategic evaluation across your whole organisation.

Regular reviews help identify weaknesses before they cause problems, ensuring systems remain effective as your organisation evolves.

Yes, we can help you establish a clear structure with risk registers, reporting lines, and monitoring procedures.

Absolutely – we support organisations of all sizes and sectors, tailoring our recommendations to your specific needs and governance requirements.

Build resilience, protect your assets, and enhance governance

Further reading

We offer a variety of additional services that you might be intersted in...