Escolar Documentos
Profissional Documentos
Cultura Documentos
% spend
Insignificant Minor Moderate Major Critical Actual spend as a % of budgeted quarterly spend
100
Impact X 90
80
Rare Unlikely Moderate Likely Common 70
60
Likelihood X 50
40
Minimum Low Medium High Maximum 30
X 20
Inherent risk exposure
10
0
Very good Good Satisfactory Weak Unsatisfactory Sep-07 Nov-07 Jan-08 Mar-08 May-08
Quarter
Control effectiveness X
Quarter No.
Minimum Low Medium High Maximum Sep-07 33 current info is an example - need
Residual risk exposure X Dec-07 67 actual info required from Risk
Mar-08 93 Owner
Current key controls Control owner Date of last assurance Jun-08 80
Links to
- Strategic objectives 1
- Risk Categories Financial stability
How to use:
1.) Copy the information of the identified risk, from the risk register, into the individual risk dashboard. This would entail completing all fields as indicated above.
2). Complete the date of last assurance and enure that it is aligned to the assuranc plan of the institution.
3.) Develop a specific key risk indicator to identify trends/movements of the indetified risk. This will ensure that suprises etc. are eliminated timeously. The key risk indicator should utilise the
same intervals as the risk reporting frequency of the institution.
4.) All fields must be updated on an ongoing basis as required by the risk reporting process of the institution.