Risk & Assurance

An effective assurance framework enables well-run organisations to identify and manage risks, make informed decisions, improve their internal systems and processes, and ultimately enhance their service delivery options.

One of Centium’s key differentiators is our approach to risk and assurance projects, including routine and complex reviews. We use proven methodologies and always consider our client’s context, geographic and regional issues, operating model, objectives and challenges.

Centium offers an independent perspective of governance, risk and compliance systems to ensure that they are achieving their objectives.  Importantly, we create strong partnerships with our clients to build capacity, improve organisational resilience and facilitate management ownership of outcomes. 

We deliver risk management and assurance services across a range of operating models, including as in-house contractors, outsourced providers, co-sourced partners, and trusted advisors.  We are pleased to work with our clients in a manner that best suits their business needs.


Internal Audit

Centium partners with our clients to undertake internal audits that provide independent, objective assurance to improve organisational operations and outcomes. We do this by identifying and evaluating risks, controls, governance processes and opportunities for improvement.Our team members are experienced, professionally qualified and comply with the IIA’s International Professional Practices Framework and relevant sector requirements.

How we can help:

  • Strategic and operational internal audit planning
  • Compliance audits and performance reviews
  • Strategic and risk-based internal audits
  • Data analytics and root cause analyses
  • Audit universe and assurance mapping
  • IA resource placements and secondments
  • Industry specific audits (e.g. Local Government; Health and Universities)
  • Ethical culture audits

Risk Management

Risk management is frequently perceived as a defensive discipline – at Centium, we see risk management as a positive force that benefits all organisations.Properly executed and integrated into strategic and operational planning models, risk management can be used to prevent or mitigate negative events. Risk management is also important in enabling organisations to take better advantage of positive events and opportunities for growth.

Our service offerings in this area include:

  • Development of risk management frameworks
  • Enterprise / business unit risk registers
  • Facilitation of risk appetite workshops
  • Peer review of existing risk artefacts
  • Risk maturity assessments
  • Assurance mapping
  • Risk management training

Organisational Resilience

Sustainable businesses need to anticipate and adapt to continuous change. This entails preparing for and being well placed to quickly recover from present and possible threats and disruption.

How we can help:

  • Ensuring business continuity risk is included in Enterprise Risk Registers
  • Business resilience frameworks
  • Emergency management, business continuity and disaster recovery planning
  • Scenario testing
  • Asset management and protection
  • Informing and upskilling your workforce

Acquittals & Attestations

We provide independent audit opinions on a range of financial and non-financial matters as required by funding agencies, regulators and other government agencies.  We provide assurance that our clients have the systems, processes and evidence in place to satisfy external reporting requirements.  On this basis, we prepare acquittals and attestations, and where appropriate, provide high-level advice regarding improvements to controls.

How we can help:

  • Grants and other expenditure acquittals
  • Reviews of fiduciary controls
  • Drives & VicRoads audits
  • Privacy & CCTV audits
  • Compliance audits
  • Data analytics

Health, Safety & Environment

Centium has a highly skilled team of certified professional staff, including registered Lead Auditors, EPA Accredited Auditors, Environmental Scientists and WHS specialists. We have assisted organisations across all sectors to help assess and improve WHS and environmental capabilities.

Our service offerings include:

  • WHS reviews and assessments
  • Environmental reviews and assessments
  • WHS communication and training programs
  • Waste management plans and strategies
  • WHS policies, procedures and Safe Work Methods Statements (SWMS)
  • Asbestos management plans and reviews
  • ISO 14001 management systems and audits
  • ISO 45001 management systems and audits
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We would be happy to discuss your needs and requirements. Please get in touch.