});

The Risk Management Processes Audit will consist of the following:

 

  • Review of existing risk library, including risks identified by staff, Board and stakeholders
  • Analysis and recommendations regarding risk ranking system for all the organization's identified risks
  • Analysis and recommendations regarding compliance register for risk
  • Analysis and recommendations regarding definitions of risk rankings
  • Analysis and recommendations regarding risk management strategies for all of the identified high priority risks
  • Analysis and recommendations regarding template to manage and monitor risks
  • Recommendations for upskilling of the Board and staff in regards to embedding risk reports into the Audit committee agenda, Board agenda and evaluation processes