High Contrast

Events
Subscribe
Contact RSM

Risk assessments

Understand your threat environment and strengthen your risk approach

Contact our risk assessment professionals

Do you have visibility into the risks your business may be exposed to? Whether you think you do or not, conducting periodic risk assessments is essential for flagging potential threats. RSM’s risk assessment frameworks provide a consistent method to identify, prioritize and respond to risk. These evaluations present you with key insights into your current exposure and risk posture, allowing you to make informed business decisions.

Risk assessments identify potential risks to assets critical to your business operations, evaluate the likelihood and impact of threats targeting your organization, and highlight gaps in your current processes that create exploitable vulnerabilities.

Critical area assessments tailored to your needs

Cybersecurity and information technology risks

To enhance your organization's cybersecurity, start by assessing potential financial losses from breaches and use a custom roadmap to improve your security program. Conduct a Cybersecurity Rapid Assessment® to identify major gaps and establish program needs based on the National Institute of Standards and Technology Cybersecurity Framework.

  • Business process risk: Determine the potential exposure your organization has to financial losses if a breach were to occur. Then, use your custom roadmap to improve your security program.
  • Cybersecurity Rapid Assessment®: Analyze risk and/or maturity against a high-level subset of the National Institute of Standards and Technology Cybersecurity Framework. Identify major gap areas and use results to establish program needs and growth, based on your organizational risk and prioritization.
  • Framework-driven maturity: Evaluate your current processes and controls to gain insights. Use these to better your information security efforts and enhance your ability to identify, protect, detect, respond to and recover from a cyber incident.
  • Framework-driven risk: Support your executives in making business decisions that better align security efforts with enterprise risk.
  • IT risk: Understand the risk profile of your technology infrastructure and identify the highest areas of risk. Use your findings to design a more effective IT audit program.

Enterprise risks

A risk management assessment offers a transformative understanding of your organization's risk universe by aligning internal audit objectives with your risk management strategy. This approach enhances audit efficiency, provides a holistic view of risks across departments, and supports informed decision-making.

  • Risk management assessment: Taking an agile approach to governance, while keeping organizational purpose and business strategy at the forefront of development, this assessment provides a transformative understanding of your organization’s risk universe.

    Benefits of a risk management assessment include:
    • Aligned objectives: The assessment aligns the objectives of the internal audit with your organization’s risk management strategy, enabling the audit to address the most critical threats and opportunities.
    • Enhanced efficiency: By understanding the risk landscape, internal auditors can prioritize their efforts, making the audit process more efficient and effective.
    • Holistic view of risks: By integrating various risk processes, your organizations gains an understanding of risks across different departments. The interconnectedness helps identify potential threats that might not be visible when risks are managed in silos.
    • Improved decision making: Integrating risk management assessments with internal audit provides better visibility into risk trends and mitigation activities, which supports informed decision making.
    • Proactive risk management: Risk management assessments are proactive, focusing on identifying and mitigating risks before they materialize, rather than reacting to issues after they occur.

Focused risks

A comprehensive risk assessment covers key areas such as AI governance, physical security, data privacy, ransomware response, and third-party risks. It provides actionable insights to enhance governance, ensure safety, support compliance, validate controls, and manage external risks effectively.

  • AI governance strategy risk assessment: A thorough risk profile that identifies key areas for improvement within your AI governance program, with actionable insights to enhance governance and help ensure a responsible deployment of AI technology and its processes.
  • Physical site: Gain insights to your physical security posture as it relates to protecting individuals and data within your facilities. Additionally, we make sure that safety systems and communication are consistent across your control groups.
  • Privacy: Get a detailed look at your organization’s data privacy policies, practices and overall program. We help you understand, design, implement and maintain an effective privacy function that can support compliance efforts and mitigate risks to personal data.
  • Ransomware risk: Be aware of the potential spread of infection and determine your business's response and recovery capabilities. Through interviews and document reviews, we initiate a technical emulation of a ransomware attack, providing you with a realistic validation of the controls in place.
  • Third-party risk: Get a custom blueprint to help identify and manage your third-party risks.

Overcoming common risk challenges

In addition to providing visibility, our risk assessments help address pain points across various fields, including:

  • Compliance and regulatory requirements
  • Customer and contractual obligations
  • M&A due diligence
  • Reporting risks to the board
  • Breach readiness and response
  • Expanding data footprint and business environment
  • Peer benchmarking
  • Evolving threat landscapes

Case study

Telecom tower looking majestic against expanse of sky

A global telecom company looks ahead

See how RSM helped the company manage risk, implement new systems and optimize its sales organization.

Read the case study

Contact our risk assessment professionals

Get a customized blueprint to help identify and manage the risks within your organization.

RSM US MMBI

Cybersecurity special report

Our annual insights into cybersecurity trends, strategies and concerns shape the marketplace for midsize businesses in an increasingly complex risk environment.

Read the full report

THE POWER OF BEING UNDERSTOOD

ASSURANCE | TAX | CONSULTING

RSM US LLP is a limited liability partnership and the U.S. member firm of RSM International, a global network of independent assurance, tax and consulting firms. The member firms of RSM International collaborate to provide services to global clients, but are separate and distinct legal entities that cannot obligate each other. Each member firm is responsible only for its own acts and omissions, and not those of any other party. Visit rsmus.com/about for more information regarding RSM US LLP and RSM International.

© 2025 RSM US LLP. All rights reserved.