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Food safetyand quality The EY approach to assessment and advisory services
Contact us
Colleen WebsterSenior Manager, Ernst & Young LLPChicago
+1 312 879 [email protected]
Rich GoodeExecutive Director, Ernst & Young LLPBoston
+1 617 585 [email protected]
EY | Assurance | Tax | Transactions | Advisory
About EYEY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.
EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit ey.com.
Ernst & Young LLP is a client-serving member firm of Ernst & Young Global Limited operating in the US.
© 2017 EYGM Limited.All Rights Reserved.
BSC no. 1708-2384205SCORE no. 06488-171US ED None.
This material has been prepared for general informational purposesonly and is not intended to be relied upon as accounting, tax or otherprofessional advice. Please refer to your advisors for specific advice.
Certain services and tools may be restricted for EY audit clients and their affiliates to comply with applicable independence standards.Please ask your EY contact for further information.
ey.com
Enterprise risk management
Evaluated the adequacy of arrangements, for board and management oversight; reporting of food safety issues and robustness of enterprise risk assessments
Maturityassessment
Assessed the effectiveness of food safety and quality management systems to prioritize key focus areas and define goals and targets for continuous improvement
M&A transaction due diligence
Assessed the food safety and quality acquisition processes and the associated risk with the timeline for improvement at newly acquired locations
Internal audit co-source report
Helped drive sustained improvement across processes, business units and geographies through insights achieved from evaluating the effectiveness of programs for identifying and assessing compliance with regulations, corporate policy, voluntary efforts (HACCP) and leading practices
Value chain obligations report
Provided advice and supplier management improvement options to address challenges associated with compliance management given the US Foreign Supplier Verification Program, customer expectations and internal policies
Risk and controls transformation
Helped enhance the capability of the function with advice and implementation support from experienced professionals in the design of management frameworks and controls optimization; also leveraged information technology solutions for improved operational efficiency
Contact us
Results: example projects
Sample questions addressing cross-functional integrationFood safety and quality influences business decision-making
We offer a programmatic approach to access and/or transform food safety and quality risk management and performance. It considers risk identification, reporting and mitigation processes throughout the company and how they influence, or shouldinfluence, business decision-making.
Food safety and qualityin excution
The subject matter may be complex, but our evaluation process is simple, scalable and transformative once embraced and fully applied.
Food safety and quality work involves HACCP*-certified team members, pulled from our network of more than 850 professionals in more than 25 countries.
Strategically, teams may involve other disciplines including financial and nonfinancial auditors, engineers, regulatory and policy advisors, scientists, computer programmers, industry advisors and sustainability leaders. A multidisciplinary approach allows us to build diverse teams with a deep understanding of the subject matter, industry, company and business functions to provide a broad view of risks and to develop reports that matter, setting the path to reduce cost, improve efficiency, and identify and capitalize on opportunity. *Hazard Analysis Critical Control Point
Why EY? Findings that resonate and recommendations that drive action.
Our food safety and quality approach:
Qua
lity
Food safety
Tran
spar
ent
repo
rtin
g H
azar
d an
alys
is
Pre
vent
ive
cont
rols
Acquisition management
Culture FSMA*
New products and product change management
GMO
Critical control points
Suppliermanagement
Who performs this work?
Are insights being shared with management and the board to provide a clear understanding of current and emerging risks facing the organization?
Do public disclosures demonstrate an understanding of food safety and quality risks and the management commitment necessary for long-term viability?
Are food safety and quality contractual clauses and commitments aligned to corporate risk frameworks?
Is the same rigor being applied to food safety and quality as financials or cybersecurity?
Are key performance indictors driving intended behavior?
Are management expectations communicated, understood and respected on the front line?
Are data management systems in place to use available data to assess risks and monitor preventative and critical controls?
Leadership
Internal audit
SME**
IT
Operations
Legal
Investors
Many leaders view food safety and quality as a strategic imperative. When done well and embedded into the company’s fabric, it can protect customers, shareholders and the brand. It may also reduce the potential for enforcement actions and can help improve operations.
*Food Safety Modernization Act
**Small-to-medium enterprise
Sample questions addressing cross-functional integrationFood safety and quality influences business decision-making
We offer a programmatic approach to access and/or transform food safety and quality risk management and performance. It considers risk identification, reporting and mitigation processes throughout the company and how they influence, or shouldinfluence, business decision-making.
Food safety and qualityin excution
The subject matter may be complex, but our evaluation process is simple, scalable and transformative once embraced and fully applied.
Food safety and quality work involves HACCP*-certified team members, pulled from our network of more than 850 professionals in more than 25 countries.
Strategically, teams may involve other disciplines including financial and nonfinancial auditors, engineers, regulatory and policy advisors, scientists, computer programmers, industry advisors and sustainability leaders. A multidisciplinary approach allows us to build diverse teams with a deep understanding of the subject matter, industry, company and business functions to provide a broad view of risks and to develop reports that matter, setting the path to reduce cost, improve efficiency, and identify and capitalize on opportunity. *Hazard Analysis Critical Control Point
Why EY? Findings that resonate and recommendations that drive action.
Our food safety and quality approach:
Qua
lity
Food safety
Tran
spar
ent
repo
rtin
g H
azar
d an
alys
is
Pre
vent
ive
cont
rols
Acquisition management
Culture FSMA*
New products and product change management
GMO
Critical control points
Suppliermanagement
Who performs this work?
Are insights being shared with management and the board to provide a clear understanding of current and emerging risks facing the organization?
Do public disclosures demonstrate an understanding of food safety and quality risks and the management commitment necessary for long-term viability?
Are food safety and quality contractual clauses and commitments aligned to corporate risk frameworks?
Is the same rigor being applied to food safety and quality as financials or cybersecurity?
Are key performance indictors driving intended behavior?
Are management expectations communicated, understood and respected on the front line?
Are data management systems in place to use available data to assess risks and monitor preventative and critical controls?
Leadership
Internal audit
SME**
IT
Operations
Legal
Investors
Many leaders view food safety and quality as a strategic imperative. When done well and embedded into the company’s fabric, it can protect customers, shareholders and the brand. It may also reduce the potential for enforcement actions and can help improve operations.
*Food Safety Modernization Act
**Small-to-medium enterprise
Food safetyand quality The EY approach to assessment and advisory services
Contact us
Colleen WebsterSenior Manager, Ernst & Young LLPChicago
+1 312 879 [email protected]
Rich GoodeExecutive Director, Ernst & Young LLPBoston
+1 617 585 [email protected]
EY | Assurance | Tax | Transactions | Advisory
About EYEY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.
EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit ey.com.
Ernst & Young LLP is a client-serving member firm of Ernst & Young Global Limited operating in the US.
© 2017 EYGM Limited.All Rights Reserved.
BSC no. 1708-2384205SCORE no. 06488-171US ED None.
This material has been prepared for general informational purposesonly and is not intended to be relied upon as accounting, tax or otherprofessional advice. Please refer to your advisors for specific advice.
Certain services and tools may be restricted for EY audit clients and their affiliates to comply with applicable independence standards.Please ask your EY contact for further information.
ey.com
Enterprise risk management
Evaluated the adequacy of arrangements, for board and management oversight; reporting of food safety issues and robustness of enterprise risk assessments
Maturityassessment
Assessed the effectiveness of food safety and quality management systems to prioritize key focus areas and define goals and targets for continuous improvement
M&A transaction due diligence
Assessed the food safety and quality acquisition processes and the associated risk with the timeline for improvement at newly acquired locations
Internal audit co-source report
Helped drive sustained improvement across processes, business units and geographies through insights achieved from evaluating the effectiveness of programs for identifying and assessing compliance with regulations, corporate policy, voluntary efforts (HACCP) and leading practices
Value chain obligations report
Provided advice and supplier management improvement options to address challenges associated with compliance management given the US Foreign Supplier Verification Program, customer expectations and internal policies
Risk and controls transformation
Helped enhance the capability of the function with advice and implementation support from experienced professionals in the design of management frameworks and controls optimization; also leveraged information technology solutions for improved operational efficiency
Contact us
Results: example projects
