From Red Flags to Revenue: Mastering Advanced Risk Advisory
What if your next revenue stream isn’t a new client—but a red flag?
In this eye-opening second instalment of our Risk Management Series, we show you how to go beyond ticking boxes and start turning business risks into real advisory value. Learn how to score and rank risks, use COSO without the corporate fluff, and build registers that clients actually understand. Whether you’re helping them dodge compliance disasters or prepare for funding, this is how you shift from reactive accountant to trusted business strategist, and get paid for it.
Risk: The Threat You Can’t Afford to Ignore, But Can Get Paid to Solve
Missed SARS deadlines, dodgy invoices, outdated systems... these risks cost your clients more than they realise. The good news? You’re already in the perfect position to help. In this article we show you how to transform everyday oversight into a powerful (and profitable) advisory service. Turn risks into revenue: learn why clients will pay you to spot trouble before it starts! Read below + download our risk register template from our webinar!
How to Assess Risk When Taking on New Clients in Your Accounting Practice
Before accepting a new client, a structured risk assessment helps identify financial, compliance, and ethical risks. Verifying identity, checking tax compliance, and reviewing financial stability prevent future issues. Clear payment terms and an engagement letter set expectations, while ongoing monitoring ensures a low-risk, professional relationship. Careful client selection protects your practice and supports long-term success.