Risk Management | Risk Assurance Frameworks and Risk Universe

In our session, we will introduce the risk assurance framework, highlighting how it enhances risk management and board oversight. We will share practical steps for organisations to strengthen their risk processes.

Are you and your team leveraging the full potential of risk management in your organisation? In this upcoming session, we will engage in a collaborative exploration of the various advantages that integrated assurance frameworks can offer. Our primary focus will be on how these frameworks can empower all team members to effectively pursue and achieve key strategic objectives. We aim to create an interactive environment where we can share insights on how to manage risk effectively while positioning these frameworks as vital tools for fostering inclusive and informed decision-making processes.

Although risk management is a widely recognised and established concept within the sector and is integrated into many organisations, there is often a noticeable disconnect. This disconnect typically manifests between strategic planning, risk management, and assurance, leading to the underutilisation of risk management in supporting the delivery of important projects and objectives. Furthermore, many organisations lack comprehensive awareness regarding the effectiveness of their existing processes for managing critical risks.

During our session, VODG’s corporate partner, MHA, will introduce the essential concept of a risk assurance framework. We will delve into how such a framework, when properly embedded within an organisation, can enhance risk management processes. This enhancement will, in turn, provide boards with essential strategic oversight concerning the impact of identified risks on the organisation. Additionally, we will discuss how organisations can gain valuable assurance regarding the effectiveness of their existing arrangements for managing key risks.

As part of our commitment to the practical application of these concepts, we will present a series of actionable steps that all organisations can implement to strengthen their risk management arrangements. These steps will ultimately serve to offer boards a greater level of assurance about their risk management practices and their alignment with organisational goals.

Speaker

Chris Rising

Chris Rising

Internal Audit Director, ACCA, MHA

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Accessibility  

Please note, should you have any accessibility requirements, we will do our best to make necessary arrangements to support you; however, we may require up to four weeks notice, so please list your requirements on the booking form. Closed captions are used as a standard in online meetings. If you have any questions, please email [email protected].