Risk Assessment

While no two businesses are identical, every business shares one unimpeachable characteristic: susceptibility to risk. At MB Group, we offer a comprehensive risk assessment service to help your business effectively identify risks and create a plan to deal with these uncertainties.

Risk Assessment Accounting Services

Because risk can vary by service, industry, area of practice, and business, our risk assessment can serve as the foundation to making informed business decisions across all areas. At MB Group, we use a systematic risk assessment process to effectively identify risk and potential audit areas based on specific factors related to your internal controls and operations. The risk assessment involves the thorough examination of processes, so we spend significant time addressing things like segregation of duties/internal controls, compliance risk, etc. We’ll carefully review the holistic and detailed picture of your business to ensure risk tolerance is within management’s expectations.

Competitive Advantage Through Risk Assessment Services

A risk assessment can help you mitigate potential losses caused by an endless range of factors, such as inefficiency, fraud error, noncompliance with regulations, etc. Creating a strategic competitive advantage, a risk assessment can help you confidently answer a range of questions, such as:

How can we identify and plan for potential risks?
Has the down-side risk to our business objectives?
What could potentially go wrong?
What’s the probability that something will go wrong?
If something does go wrong, what will be the impact?
How often could this happen?
How can the business create a plan to mitigate the risk?

Managing Your Risk Landscape

Every business needs a team of key advisors to be successful. As your primary accounting party, it is vital our team has access to each partner to best support your business.

• Are all sales tax filings being properly done?

• Are W-9s being collected throughout the year from vendors

• Are 1099’s getting processed in a timely manner?

• Does the client have an

• Employee Handbook for employees?

• Are there job descriptions that translate into properly employee classification? (and correct overtime pay)?

The risk landscape for your business is forever changing. To stay ahead of threats, it’s critical you evaluate your risk against the casualty of risk. At MB Group, our risk assessment services will help you confidently do just that!

Once we conduct a risk assessment, you’ll have a clear portrait of your risk posture, which means you can understand possible gaps and threats to your objectives. A current and accurate understanding of your risk profile delivers a competitive advantage and is critical to the establishment of an optimal risk management approach.

Jason K. Burress

2022-04-21

I feel very well cared for by Susan Bryant and her team since moving my business over to MB Group. I'm impressed by the amount of personnel with varying skillsets and expertise they have deployed for my account. I also feel they have my interests in mind and Susan appears very well organized.

Edwin Hernandez

2021-12-20

I first started using the MB Group at my prior company around 2008. I became used to the great professional service and most of all, the impressive competence of their team. When I started my current company, I never gave consideration to any other firm as I have 100% confidence and assurance all of my company's need would be met to my satisfaction. I value the relationship and ever so glad to have zero concerns over this important function of my business, and I owe it all to the great team at The MB Group. Edwin Hernandez Lukare Medical, LLC

M P

I cannot say enough about the firm and Janet Haston and everyone on staff. They are so attentive and responsive. They go out of their way to answer my questions and bend over backwards to make themselves available. I have complete trust their advice and they have always educated me in the process. Anytime anyone asks me for a referral, I don't hesitate to refer the MB Group. I am a client for life. I even sent my mother to them!

Cheryl Massey

2021-12-17

My over a decade relationship as a client with MB Group, LLC has always been pleasant, efficient, and highly successful. They have always understood my needs and I can't imagine working with another company.

Mike Haynes

2021-12-16

We have used The MB Group for both accounting services and corporate & individual tax services for several years now. The entire group is professional and very responsive. They are a true, valued partner. They have been critical to the success of our business.

Garrett Voegeli

Y’all are great! I really appreciate your approach on tax planning and accounting. You have been a huge asset to my business. I would highly reccomend.

Risk Assessment

Risk Assessment Accounting Services

Competitive Advantage Through Risk Assessment Services

Managing Your Risk Landscape

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