Your Solution To

1
Your Solution To Effective Risk
Management
Horwath Mak is a leading auditors and business
advisors group with a vast array of professional
services to offer. We are ranked as the 9th
largest international network in the world and
carry over 27 years of experience of serving the
UAE and the GCC market. Horwath Mak - Business
Solutions and Risk Consulting team brings
expertise in identifying and mitigating all
business risks and loss events to maximize
business performance and to realize growth in
profit. We offer a range of risk management and
consulting services all aligned to suite your
business needs with the aim to maximize your
value proposition
Risk Management Assurance Through Magique is
a feature-rich Risk Management System with an
extensive range of functionality to assist
organizations to record, quantify, assess and
control risks. It has an extensive range of
functionality to grow and evolve with your
business and user requirements. Magique can be
used by organizations for their corporate risk
register for recording, evaluating and managing
their risks. Internal Auditors can use Magique to
record and evaluated risks to assist their
strategic planning process. In addition to the
Risk Register, the software includes a
Questionnaire system for Control Self Assessment,
a Loss Events/Incident Management system and an
Action Tracking system for recording and tracking
additional remedial actions. The system supports
a wide range of standard and custom reporting
options to ensure your exact reporting
requirements are met. Heat Maps by Business Unit,
Category, Objective, Process and other key areas
help manage risks within your appetite and
provide drill-down functionality to investigate
areas of concern.
Key Features

• Risk registers
• Questionnaire system
• Incident management
• Action tracking
• Reports

Key Benefits

• Creates Value
• ensuring compliance with legislation and
  regulation
• sets a framework in which to achieve business
  objectives
• promotes more systematic decision making
• reduces the overall cost of risk in your
  organizationImproves Visibility
• providing closer liaison with stakeholders
• timely customer-focused reporting
• offering proactive advice Embeds Risk
  Management
• allows users to manage their own risks
• alerts management of issues to address at the
  earliest opportunity
• injects a risk culture into the business

• Reasons for investing time and effort in risk
  management
• Protect and manage cash flow effectively
• Reduction in management time spent fire-fighting
• Fewer sudden shocks and unwelcome surprises
• Less litigation
• Compliance with legislation and regulation
• Better understanding of exposure to risk, both
  generally and specifically
• Better allocation and use of resources
• More focus internally on doing the right things
  in the right way
• The ability to learn from past mistakes
• Better communication between colleagues with
  suppliers, clients etc.
• Better shared knowledge of business objectives
  and processes as well as risks
• Greater likelihood of achieving business
  objectives
• More systematic decision making leading to
  better quality decisions
• Increased likelihood of change initiatives being
  achieved

Horwath Mak Limited, P.O. Box 506705, DIFC,
Dubai Tel [phone] E-mail
difc_at_horwathmak.com
Contact Persons Saad Maniar Mob
050 551 7590 E-mail saad_at_horwathmak.com Fird
aus Maniar Mob [phone] E-mail
firdaus_at_horwathmak.com
Serving the globe from over 430 offices worldwide
with over 25,000 Partners and Staff
2

Key Functionality of

• Risk Register by Business Units and Entities
• Analysis by Risk Categories and Themes
• Optional analysis of risks by Business
  Objectives
• Optional analysis of risks by Processes
• Your precise risk model and scoring system
• Identification and evaluation of Controls

• Generation and tracking of actions where
• further mitigation is required
• Key Risk Indicators for alerting potential
  issues
• Loss Events tracking and reporting system
• Electronic review and approval process
• Trend history of risk and control scores
• Library functionality for your Risks, Controls,
• Objectives and Processes

• Risk consolidation for identifying common issues
  across the organization
• Standardized and custom reporting including heat
  maps, flex-reports and standard formats
• Comprehensive Security Model to ensure the whole
  organization can participate in the risk
  management process

Sarbanes Oxley Compliance Magique supports
organizations required to comply with Sarbanes
Oxley regulations. Options include certification
statements, control analysis by process,
assertion and category, testing of controls
together with history and sign-off.
Horwath Mak Limited, P.O. Box 506705, DIFC,
Dubai Tel [phone] E-mail
difc_at_horwathmak.com
Contact Persons Saad Maniar Mob
050 551 7590 E-mail saad_at_horwathmak.com Fird
aus Maniar Mob [phone] E-mail
firdaus_at_horwathmak.com
Serving the globe from over 430 offices worldwide
with over 25,000 Partners and Staff