Operational Efficiencies and Financial Security
Recent events and regulatory changes have forced organizations to consider taking a more proactive approach toward managing risks. Organizations of all sizes and levels of complexity can be strengthened by an ERM Program while improving operational efficiency and financial security.
Johnson Lambert’s ERM consulting services provide your organization with a jumpstart on an enterprise-wide risk assessment. Our ERM professionals will guide you through the process of managing risk on a comprehensive basis. We will assist you in creating a synthesis between your organization’s key functional areas, which will create operational efficiencies while simultaneously increasing risk mitigation and risk awareness.
Every organization has different levels of ERM Program maturity and budgets. As such we offer different services to meet your needs and expectations.
An extensive do-it-yourself ERM toolkit comprising reference guides and ERM documentation templates to kickstart your in-house risk management program.
Remote Team Support
In addition to the complete ERM toolkit, our team offers virtual meetings with ERM professionals who can guide you through the process of establishing or refining your ERM program.
For organizations looking for full-service assistance, our most thorough offering includes additional meetings, in-person when possible, and comprehensive risk management guidance to build a customized program.
Risk Management System
With our ERM consulting services, Johnson Lambert ERM implementation professionals will guide your organization through the creation of a new (or the enhancement of an existing) risk management system. Our team of ERM implementation specialists can assist you with the following.
Assembling a risk management team that can implement and manage your ERM Program
Developing a comprehensive and timely process for identifying, measuring, and monitoring current and prospective risks
Establishing an organic system of risk ownership, control, and mitigation
Designing a risk appetite statement and risk tolerances that augment and complement your corporate strategy
Know What’s Happening
Upcoming Changes in Auditing Standards Johnson Lambert LLP is dedicated to keeping you informed on the impact of upcoming auditing standards. The American Institute of Certified Public Accountants (AICPA) has issued Statements on Auditing Standards (SAS) 143-145, which address estimates, […]
On February 23, 2023, the U.S. Department of Labor announced changes to Form 5500, Annual Return/Report of Employee Benefit Plan, and Form 5500-SF, Short Form Annual Return/Report of Employee Benefit Plan. These changes are effective for plan years beginning on […]
Johnson Lambert LLP is dedicated to keeping you current on the impact of the FinancialAccounting Standards Board’s (FASB) Accounting Standards Codification (ASC) Topic 326 –Financial Instruments – Credit Losses. This white paper presents the most significant changesrelated to applying ASC […]
We proudly add value to our clients by specializing in providing these services to your industry, working with various entities similar in operations, size, or areas of opportunity.
With never-ending complexities, emerging and longstanding risks, and increased regulatory requirements, insurance companies are seeing their ERM Programs as a core piece of their business strategy and an opportunity for additional insights while also working to meet the regulators’ expectations. Furthermore, credit rating agencies and stakeholders are placing a new or renewed emphasis on ERM adoption. Whether you’re looking to develop an ERM system or your ERM needs have evolved as your business goals shift, our team offers the experience to simplify the process.
From the smallest foundation to the largest trade or professional association, an ERM Program can strengthen any organization, and with increasing risks from a quickly-evolving world with constant new threats and opportunities, nonprofit boards challenge their organizations to be more strategic with risk management. We’re here to help.