1 - HB 254-2005 GOVERNANCE, RISK MANAGEMENT AND CONTROL ASSURANCE
13 - 1 Introduction
14 - 1.1 Corporate Governance
16 - 1.2 Governance Frameworks and Management Practices
17 - 1.3 Governance, Risk Management and Control
19 - 1.4 Definitions
19 - 1.4.1 Assurance
19 - 1.4.2 Assurance focus
20 - 1.4.3 Control
20 - 1.4.4 Control activities
20 - 1.4.5 Control criteria
20 - 1.4.6 Control elements
20 - 1.4.7 Formal control
20 - 1.4.8 Inherent control
20 - 1.4.9 Organisation
20 - 1.4.10 Organisational objectives
20 - 1.4.11 Risk management
22 - 2 Key benefits to the board
24 - 3 Risk management and this risk management process
24 - 3.1 What is Risk?
25 - 3.2 What is Risk Management?
25 - 3.3 The Risk Management Process
25 - 3.3.1 General
26 - 3.3.2 Communuicate and consult
27 - 3.3.3 Establish the context
27 - 3.3.4 Indentify risks
28 - 3.3.5 Analyse risks
28 - 3.3.6 Evaluate risks
29 - 3.3.7 Treat risks
30 - 3.3.8 Monitor and review risks
30 - 3.4 Implementing a risk management framework
30 - 3.4.1 General
31 - 3.4.2 Initial implementation phase
33 - 3.4.3 Ongoing implementation phase
34 - 4 Control assurance plan
34 - 4.1 General
36 - 4.2 Assurance control elements
38 - 4.3 Control criteria
38 - 4.3.1 General
38 - 4.3.2 Criterion 1-Purpose
39 - 4.3.3 Criteria 2 & 3-Capability & Commitment
40 - 4.3.4 Criterion 4-Monitoring and Learning
41 - 4.3.5 Criterion 5-Information
41 - 4.4 Inherent control assurance
41 - 4.4.1 General
42 - 4.4.2 Systems thinking
42 - 4.4.3 Learning organisation
43 - 4.4.4 Trust and relationships
43 - 4.4.5 Competencies
44 - 5 Implementation-How effective control can provide assurance to the board
44 - 5.1 Application of the Control Criteria
44 - 5.1.1 General
45 - 5.1.2 Control Element 1-The Board
46 - 5.1.3 Control Element 2-Organisation
48 - 5.1.4 Control Element 3-Management Assurance
50 - 5.1.5 Control Element 4-Independment Assurance
54 - 5.2 Medium to Small Organisations
56 - 6 Managing change