Mumbai's Trusted Risk Advisory Chartered Accountants
Identify vulnerabilities, strengthen your internal controls, and build a resilient business — before risks turn into losses. Practical, implementation-driven risk advisory backed by 15+ years of CA expertise.
Our Risk Advisory at a Glance
What Is Risk Advisory
Risk Advisory Is Not a Report. It's a Business System.
Most businesses discover their risks after something has gone wrong — a regulatory notice, a fraud incident, a compliance gap flagged during audit. Risk Advisory from PKJN & Associates LLP flips that order entirely.
We work with your management team to map risks across finance, operations, compliance, and governance — before they surface as problems. Our approach is practical: identify what's exposed, design controls that work, and help your team implement them without disrupting day-to-day operations.
Unlike a standard Audit & Assurance engagement that examines past records, risk advisory is about the road ahead — giving you a structured, actionable view of where your business is vulnerable and a clear plan to fix it.
What Risk Advisory Covers
- Identifying risks across finance, compliance & operations
- Evaluating strength of your existing internal controls
- Building a Risk Control Matrix (RCM) for your business
- Fraud vulnerability mapping and prevention design
- Compliance risk under Companies Act, GST & Income Tax
- Business Continuity Planning for operational resilience
- Support for Concurrent Audit and ongoing monitoring
- Risk findings aligned to IND AS reporting obligations
Our Services
Six Core Risk Advisory Services for Indian Businesses
Each service is tailored to your sector, company size, and regulatory environment. We start with your specific risk profile — not a standard template.
Enterprise Risk Management (ERM)
Design and embed a company-wide framework to identify, categorise, and manage strategic, financial, operational, and compliance risks. Gives boards and management a unified view of exposure with clear governance structures.
Strategic RiskInternal Controls Review
Evaluate whether your controls are adequate and actually working. We identify weak points — unauthorised approvals, incomplete audit trails, inadequate segregation of duties — and provide actionable remediation steps with clear timelines.
Control FrameworkCompliance Risk Assessment
Assess your exposure under Companies Act 2013, GST regulations, Income Tax Act, and sector-specific statutes. We map every requirement to your current compliance status, highlight gaps, and prepare a prioritised action plan.
Regulatory RiskFraud Risk Management
Identify which processes and roles are most vulnerable to financial misconduct. We assess fraud vectors — procurement, payroll manipulation, revenue leakage, expense abuse — and design preventive controls with clear accountability structures.
Fraud PreventionOperational Risk Review
Examine core business processes — procurement, inventory, billing, vendor management, and payroll — to identify bottlenecks, control failures, and accountability gaps. Output is a clear risk map with prioritised, practical fixes.
Operational RiskBusiness Continuity Planning
Prepare your business to maintain critical operations during disruptions — system failures, regulatory actions, key personnel loss, or supply chain breakdowns. BCP frameworks that are realistic, tested, and ready to execute when needed.
Resilience PlanningHow We Work
Our Four-Phase Risk Advisory Process
A structured engagement from understanding your business to implementing controls that hold over time — with agreed timelines at every stage.
Scoping & Discovery
We assess your business — sector, size, regulatory exposure, and existing controls — to define the exact scope of the advisory engagement with no assumptions.
Risk Identification & Rating
Risks are identified across all business functions, rated by likelihood and impact, and mapped using a heat map framework that prioritises the most critical areas first.
Control Design & Recommendation
For each risk, we design appropriate controls — preventive, detective, and corrective — documented in a structured Risk Control Matrix.
Implementation & Review
We support implementation, train relevant personnel, and establish a review cadence to ensure the risk framework stays effective as your business grows.
Why Choose PKJN
Risk Advisory That Goes Beyond the Report
Many firms issue risk reports that sit in a drawer. We take a different approach — our risk advisory is implementation-driven. Every recommendation comes with a clear owner, a timeline, and measurable outcomes.
As a Mumbai-based CA firm with 15+ years of experience across audit, tax, and compliance advisory, we bring ground-level knowledge of Indian regulatory requirements to every engagement.
Practical, not theoretical
Controls designed for your actual operations — not imported from a global template
Deep regulatory expertise
Companies Act, GST, Income Tax, SEBI — we know exactly where your exposure lies
Direct partner access
Senior professionals lead every engagement — not delegated to junior staff
Scalable for any size
From early-stage startups to mid-sized companies with complex compliance needs
Industries We Serve
Risk Advisory Across All Major Sectors
Every risk framework is customised to your industry's regulatory requirements, operational structure, and risk profile.
Manufacturing
Production risk, inventory controls, vendor fraud & ESG compliance
Trading & Distribution
GST compliance risk, working capital exposure & supply chain risk
Technology & IT
Data governance, contract risk & regulatory compliance for software firms
Real Estate & Construction
RERA compliance, project risk & financial control review
Healthcare & Pharma
Regulatory compliance, billing risk & internal control frameworks
Professional Services
Partnership risk, client billing controls & statutory compliance
Startups & SMEs
Foundational risk frameworks for growing businesses managing complexity
Financial Services
RBI/SEBI regulatory risk, credit risk controls & governance frameworks
Related Services
Complete Audit & Compliance Coverage
Risk Advisory works best as part of an integrated compliance strategy. Explore our related services from PKJN & Associates LLP.
Audit & Assurance
Statutory, tax & internal audits conducted with professional diligence and complete documentation.
Explore ServiceRisk Control Matrix (RCM)
Structured documentation of risks, controls & test procedures for ongoing monitoring and governance.
Explore ServiceConcurrent Audit Services
Real-time transaction review and control monitoring — ideal for banks, NBFCs & high-volume businesses.
Explore ServiceIND AS Implementation
Transition support & technical guidance for Indian Accounting Standards adoption and financial reporting.
Explore ServiceFAQs
Common Questions About Risk Advisory
Answers for business owners, CFOs, and management teams considering risk advisory services in Mumbai.
Still Have Questions?
Our risk advisory team is available for a free initial consultation. No obligation — just clarity on your risk exposure.
Book a Free Call Chat on WhatsAppReady to Strengthen Your Business Against Risk?
Speak to our risk advisory team. We'll assess your current exposure and outline a practical framework — no generic templates, no unnecessary complexity.
📍 Suite No.102, Ashok Premises, Nicholas Road, Andheri East, Mumbai — 400069 | 📞 +91 98190 00511
