Managing risk across the public sector : toward good practice
Overview
Risk management is a comprehensive process, supported by appropriate strategies and frameworks that are designed to identify, analyse, evaluate, treat and monitor those risks that could prevent a department or agency from achieving its objectives. It covers strategic as well as operational, financial and compliance related risks.
The objective of this audit was to determine whether satisfactory progress has been made by departments (10), and a selection of agencies (15), in developing appropriate risk management frameworks and in applying risk management principles in their organisations.