Councils need risk management, warns Audit Commission

12 Jul 01
Risk management can have a major impact on councils' progress in achieving strategic objectives and is not a 'one-off exercise', the Audit Commission has warned.

13 July 2001

Launching its management paper, Worth the risk: improving risk management in local government, on July 12, the commission said councils often did not have formal risk management plans.

'There is little evidence within councils of the widespread use of an holistic risk management approach covering all types of risk,' the report said. 'There is no "quick fix"…members must commit sufficient resources to risk management both from an implementation perspective and to ensure that systems are sustainable.'

The commission urges councils to implement strategic risk management plans and produce regular risk reports.


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