Risk management and assurance framework
As part of our combined assurance model, elected members, management, third parties and internal audit give assurance on the management of risks and the operation and performance of controls:
- mandate and commitment
- framework design for managing risk
- implement risk management
- monitoring and review of the framework
- maintenance and improvement of the framework
Combined assurance
- management
- corporate or third party
- internal audit
Giving assurance on:
- service delivery
- management of risks
- operation of controls and, or performance
Key decisions
All key decisions presented to the Executive must clearly show:
- the key risks associated with the decision (recommendations)
- the potential impact
- the risk owners
- how these will be managed
This helps promote informed decision-making, particularly in an environment of uncertainty and change.