Webinars On-Demand

Session 3: Risk management and internal controls

Overview 

Governments have a responsibility to provide services to the citizens of a country. They need to protect and grow the country’s resources and ensure the creation and maintenance of generational capital for future generations.

Service delivery is a complex, multi-faceted concept that is dependant on many variables, some within the control of the country, and some that emanate from global issues. Because so many variables can impact the success and quality of service delivery, risk management in the public sector is a critical process in the management of public finances. A government must assess the following points regarding risk:

• The risk that that service delivery will not happen;
• The risk that service delivery will not happen fast enough; and
• The risk that service delivery will be at a quality that corresponds with the needs of the public.

This risk assessment process must happen throughout government and at all levels. Most public servants do not understand that their day to day activities either serve to identify, or to manage risks through policies and procedures and internal controls.

Learning objectives

By the end of this webinar the attendee should:

• Understand the theory of risk management in the public sector.
• Understand the process for risk management.
• Understand how risks are responded to.
• Understand the role players in the risk management process.
• Understand how internal controls are used to manage risk.

Content

The webinar will cover the following topics:

• What is risk management?
• Risk management in the public sector.
• Risk management role players.
• Responding to risks.
• Internal controls.
• Managing risk through internal controls.