Resilience Assurance

The COVID-19 pandemic accelerated regulators’ need to see firms make resilience a strategic priority – including Financial, Operational and Reputational Resilience. Deloitte can help in every aspect of these three areas of resilience, assuring projects specifically focused on Operational and Financial aspects.

 
Operational Resilience:

For many, Operational Resilience has moved to the top of firm’s agendas. Our experts are here to help with the following when meeting regulatory requirements.

• Review your current operational resilience and make recommendations on your approach for your business, including your operating model

• Review and make recommendations on the appropriateness of impact tolerance and stress test scenarios

• Outline training for staff who have new Operational Resilience roles and responsibilities, as per the new Governance and Operating Model

• Review the Operational Resilience self-assessment for Board approvals.
  

Financial Resilience:

Financial Resilience brings together a suite of services from across Deloitte, helping organisations withstand stress events that affect its financial resources. These may include routine or severe but still plausible shocks and stresses, along with planned strategic changes too. 

Here’s how we can help: 

Treasury Assurance 

• Strategy and risk management - assessing financial risks and the appropriateness of management strategies and appetites

• Processes and controls – reviewing and making recommendations to enhance treasury processes and controls

• Accounting and valuation - assess the accounting implications of complex treasury transactions and financial instrument valuation services
  

Stress and Scenario Testing  

• Assess the robustness of stress and scenario testing, under severe but plausible stress scenarios.

Recovery and Resolution Planning  

• Assess the suitability of measures put in place to restore a company’s financial position after significant deterioration.

Finally, with the introduction of the Audit & Assurance Policy (AAP), our experts can offer the following support on the Financial Resilience disclosures that investors are looking for in the Resilience Statement.

• Provide guidance on the regulatory expectations and review your approach to going concern and broader resilience disclosures, in response to shareholder demands

• Provide recommendations on statement requirements, including disclosures across Financial, Operational and Reputational Resilience.
  

Get in touch with our experts to find out how we can help you on your Resilience journey.

To learn more about what being resilient means to companies and to show the way to building stronger resilience for the benefit of all, visit out Resilience Reimagined space.