Corporate Governance & Risk Management

Solutions that lead to transparent, high quality financial and operational reporting

Being able to understand and manage risk is central to your business’ success.

For more than 35 years, ParenteBeard’s Corporate Governance & Risk Management (CGRM) practice has helped companies with this critical area.

Our team interprets and implements solutions in a way that adds value and improves operations.  In addition to assisting with corporate governance principles, we work with our clients to develop strategies that manage risk.

CGRM professionals have the skills and experience to work closely with your audit committee, senior management and corporate counsel to provide corporate governance and risk management solutions, including those related to regulation, privacy, security and reputational risk that can help prepare your organization to fulfill its goals.  Our networks of support and consulting services are tailored to provide the solutions necessary for future growth.

ParenteBeard will help you identify, evaluate and manage the corporate governance and risk management issues that impact your bottom line.  We’ll help you achieve the clarity and security you need to go forward with confidence.

Here’s how we can help you:

Internal Audit

  • Outsourcing and co-sourcing
  • IT audit
  • System Implementation Review (Pre and Post)
  • Quality Assurance Review (QAR)

Technology and Business Risk

  • IT health check
  • Security and privacy assessments
  • Risk assessment and analysis
  • Vulnerability assessment
  • Disaster recovery
  • Data mining and analysis
  • FISMA certification
  • Rapid diagnostic services (industry specific)
  • HIPAA Assessments
  • Cloud computing risk assessment / vendor management
  • Cyber security


  • Readiness and self-assessment compliance programs
  • Program development
  • Monitoring
  • SOX 404 testing
  • Model Audit Rule (MAR) implementation and testing assistance
  • Bank Secrecy Act (BSA) and Anti-Money Laundering (AML)
  • State Risk Focused Insurance Examinations
  • Market conduct examinations
  • Financial institutions compliance

Assurance and Attestation

  • Agreed-upon procedures
  • Compliance attestation

Consulting Services

  • Enterprise Risk Management (ERM) maturity assessment
  • Enterprise Risk Management (ERM) consulting and implementation
  • NAIC’s “Own Risk and Solvency Assessment” (ORSA) consulting and implementation assistance
  • Strategic planning

Service Organization Control Reports

Our core team of professionals have extensive experience performing SOC 1 and SOC 2 examinations. Collectively, our team has performed hundreds of service organization control engagements across a wide array of industries. Several of our team members have significant experience in the SAS 70 practices of big four accounting firms (SAS 70 was the predecessor of the SOC standard). The partner who leads our SOC practice, Jeff Krull, is also a member of the American Institute of Certified Public Accountants’ SOC task force, keeping him up to date on emerging SOC topics. We currently provide SOC services to approximately 30 clients.

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