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Risk assurance is the final part of the risk management cycle. Identifying risks and implementing controls is only part of effective risk management. Organisations must also understand whether those controls are working as intended and whether risk management arrangements remain effective over time. Risk assurance provides that confidence, and as

Effective risk management is crucial to an organisation’s success. Two tools that help deliver this are the Risk Register and the Board Assurance Framework (BAF). Though they may appear similar, they serve distinct functions and cater to different aspects of an organisation’s risk management strategy. Understanding their purpose, and the

This article discusses developing and populating a risk register, shedding light on its significance and providing practical guidance for its creation and maintenance. Contents What is a Risk Register? The Anatomy of a Risk Register Developing a Risk Register Updating and Maintaining the Risk Register Challenges in Developing and Populating

Having a high degree of risk maturity is important. This is because risk has evolved from a compliance-driven task to a strategic imperative. As organisations face increasingly complex challenges, understanding and improving risk maturity has emerged as a key facet of effective Enterprise Risk Management (ERM). In this article, we

The three lines of defence provide a framework for effective governance. In this article we will explore that the three lines of defence model involves, and how you can apply it. Problem: many organisations, especially smaller ones, do not put in place effective governance systems. These systems support success and