Finance Function Risk Profiling Template (9 slides)
Government agencies face a number of risks in the delivery of the finance function, including fraud or misuse of public funds; not conforming to legislative obligations and government-wide financial policies; errors in financial transactions; organizational budget overruns; inaccuracies in financial reporting; unforeseen lapses in funding. All these and other financial risks have major implications for the credibility of your government agency before central agencies, public office holders and the general public.
The finance function risk profiling template provides a simple and straightforward approach to help you to identify and assess these risks and gaps in mitigation measures.
A summary risk template provides as a starting point examples of finance related risks and mitigation measures that can be assessed in terms of impact, likelihood, trend, and priority based on the mitigation gaps (see preview charts).
Templates are also provided for more detailed profiles or descriptions of the risks identified, including the risk owner, risk description, risk drivers, evidence of the scope of the risk/ risk indicators, impact, likelihood, trend, existing mitigation measures, mitigation gaps and actions required, and priority (see example of detailed risk profile in the preview charts).
These templates are fully editable and are intended to encourage managers to hold regular discussions on the risks faced by their organization and whether the mitigation measures are adequate.
You will instantly receive an email with a link to download the template (9 slides) in a PowerPoint fully editable format.