Developing a Risk Extraction and Information Control Method and Visualizing Industry Risk Data
Client
Grant Thornton
Faculty
Regina Gurvich
Team
Malik Dent, Supreet Kalsi, Bethlehem Kebret, Alex Lengle, Amanda Mohabir, Hetal Patel, Ethan Roaldi, Yingxuan Wang
| Grant Thornton is the American member firm of Grant Thornton International, one of the world’s leading audit, tax, and advisory services firms. The firm’s Business Risk Advisory Services department developed a new risk assessment approach that aligns risk management with business strategy. Grant Thornton enlisted a Capstone team to create methods of identifying, prioritizing, visualizing, and managing key risks in the healthcare industry. Based on the Committee of Sponsoring Organizations, or COSO, framework, the team analyzed and classified publicly-filed risk factors from the financial statements of 10 healthcare organizations. The team developed four risk categories: strategic, compliance, reporting (financial), and operational. The team then visualized their data to analyze risk trends. The visualization depicted the following: risk changes, risk distributed by industry, overall risk severity, and individual companies’ risk relative to their competitors’. The team delivered a user-friendly visualization tool that highlights overall trends and patterns. |
Focus Areas
Capstone Year
2017-2018