What are the types of internal audits?

Internal audits can include operational audits, compliance audits, financial audits, forensic audits, IT audits, and environmental audits.

What are the key standards in internal audits?

The key standards include independence, objectivity, proficiency, quality assurance, and communication.

What is the risk-based approach in internal audits?

The risk-based approach prioritizes auditing high-risk areas within an organization to focus resources where they are needed most.

What are the 5 C's of internal audit?

The 5 C's are Control, Compliance, Cost, Consistency, and Communication, which are critical for a successful audit process.

How does an internal audit help in risk management?

Internal audits help identify and mitigate risks by ensuring that internal controls are effective and that the company complies with laws and regulations.

A Deep Dive into Risk Consulting Services by Felix Advisory

Published on April 14, 2025

In a fast-changing business environment, where volatility, regulation, and disruption are constants, organizations must do more than react to risks. They must be proactive, strategic, and prepared. That’s where Felix Advisory comes in. As a trusted risk consulting and risk management services company in India, Felix Advisory partners with businesses to help them navigate the uncertainty and build risk-resilient operations.

What is Risk Management and Why Does It Matter?

Risk management is the structured process of identifying, assessing, mitigating, and monitoring risks that could affect an organization’s or businesses’ goals and operations. From financial fluctuations to cyber threats, companies today face a range of uncertainties that can impact their revenue, reputation, and regulatory compliance.

Risk management services ensure that organizations:

Detect threats early
Minimize loss and disruption
Strengthen internal controls
Comply with legal and regulatory frameworks

Whether you are a large enterprise or a growing SME, the risk is unavoidable. But unmanaged risk is unacceptable. Services of risk management for companies make sure the business remains secure and protected from uncertainties.

What is Risk Consulting?

Risk consulting is a strategic advisory function where experts assess an organization’s risk exposure and develop actionable mitigation plans. Business risk management services bring deep industry experience to assess internal vulnerabilities and external threats, align risk strategy with business objectives, and implement actionable frameworks.

Felix Advisory’s risk consulting services are tailored to the client’s size, sector, and maturity level. Our consultants work across industries, including finance, manufacturing, tech, healthcare, and logistics. We are a complete powerhouse in providing services that emphasises on Risk Monitoring, Mitigation & Value Addition

What Does a Risk Consultant Do?

Perform Risk-based internal audits and evaluations
Recommend and implement risk assessment frameworks and sop’s.
Develop risk reporting tools and dashboards
Deliver training and awareness programs

Our Risk Management Services in India

Felix Advisory as a risk management services company in India, helps businesses stay secure, agile, and compliant.

Our Expertise:

Risk-Based Internal Audits (identifying cost savings)
Operational Consultancy & Optimization
Risk Management Advisory (proactive issue resolution)
Compliance Management
Forensic Services

The Felix Advantage: widespread network, detailed performance insights, and informed operational optimization.

Why Choose Felix Advisory for Risk Consulting?

With years of experience and knowledge, Felix Advisory is not just a service provider—we are a strategic partner.

Customized Solutions:

We align our services to your unique risk profile and growth plans.

Cross-Industry Expertise:

Serving clients in finance, manufacturing, healthcare, logistics, and tech.

End-to-End Support:

From identification to implementation, we walk the full risk journey with you.

Regulatory Foresight:

We help you stay ahead and informed of changing compliance demands in India.

We aren’t just another risk management services company. We help you see risk clearly and act on it decisively.

What Are the Benefits of Risk Management Services?

Proactive Decision-Making
Helps in being prepared for risks or Crisis Readiness
Stronger Reputation and Stakeholder Confidence
Improved Compliance and Reduced Legal Exposure
Cost Savings Through Prevention

In short, these services help turn uncertainty into opportunity.

Frequently Asked Questions (FAQs)

What is a risk management system?
A risk management system is a set of processes and tools designed to identify, monitor, and respond to risks in an organized way.
What is the difference between risk management and risk consulting?
Risk management services include the practice of handling risks, while risk consulting services provide expert advice to improve those systems.
What are risk management services in financial services?
These include credit risk modeling, liquidity analysis, stress testing, and regulatory compliance consulting.
How does Felix Advisory differ from other risk management companies in India?
We offer industry-specific insights, a personalized approach, and deep regulatory knowledge that many generic firms can’t match. Our expert risk advisory team ensures approaching the risk with a holistic and strategic approach by proactively addressing issues and providing business solutions that are right for your business.

Let’s Talk Risk

Risk is everywhere. But with the right partner, so is confidence.

Contact Felix Advisory today to explore our business risk consulting services and learn how we can help you build a stronger, more resilient enterprise.