There are many signs indicating that Risk Advisory Services (RAS) is the most strategic way that the industry can reshape itself. According to PwCʼs CEO Survey, ‘cyber risksʼ were the top concern for CEOs in 2021 and 2022. In fact, risk management has become a board-level topic at most Fortune 500 companies. By delivering modern Risk Advisory Services, audit and advisory firms can become the strategic thought partner their clients need. This Guide provides a step-by-step framework to help them do just that while building a highly successful, profitable, modern RAS practice.