Abstracts: September 15th, 1998

McNamee D

Internal Auditing, (UK), Apr 1998
Start page: 22 No of pages: 2

Reports that Australia and New Zealand have developed the world’s first standard for risk management, which is being adopted in their public sectors. Considers the advantages of this within the context of devolving public sector services, and the importance of top management support and guidelines in making it work. Describes the different levels of implementation in Australia and the ways in which internal auditors are participating in risk management in both countries. Summarizes the New Zealand requirements for a comprehensive risk management system and the six steps to implementation identified in the standard. Believes that internal auditors from all types of organization can learn from the Australian/New Zealand experience.

Subject(s): RISK MANAGEMENT, ACCOUNTING STANDARDS, PUBLIC SECTOR, AUSTRALIA, NEW ZEALAND
Database: AFA: Accounting & Finance Abstracts RMI: Rapid Management Intelligence
Style: Technical. Reference: 27AK231
Reproduced by permission of Anbar Management Intelligencehttp://www.anbar.co.uk/management/home.htm