SUPREME AUDIT OFFICE OF POLAND nik.pl

1. Risk Management in the light of the Results of the Survey of the Subcommittee on Internal Control Standards SUPREME AUDIT OFFICE OF POLAND www.nik.gov.pl

2. Managing the Future - Introduction • Risk v. uncertainty/hazard • Two faces of risk • Pros and cons of risk management ilustracja SUPREME AUDIT OFFICE OF POLAND www.nik.gov.pl

3. The Concepts of Risk Management in brief SUPREME AUDIT OFFICE OF POLAND www.nik.gov.pl

4. It is impossible to eliminate risk thus the providing reasonable assurance is the core of an idea of risk management Risk may have both positive and negative impact on meeting objectives Risk management is an integral part of the organizational process- as a integral not separate part of internal control systems - it is a built in rather than built on Risk management is a integral part of decision making Risk management is an organized, ordered, systematic process taking into account broad not only financial perspective of an operational activity Different ConceptsCommon Traits SUPREME AUDIT OFFICE OF POLAND www.nik.gov.pl

5. The aim a general overview on risk management in the public sector updating INTOSAI GOV 9100 and INTOSAI GOV 9130? Answers from 62 INTOSAI members fromall over the world The scope Importance of risk management in the public sector(central government) Standardization of risk management Implementation of risk management Guidelines on risk management and/or internal control Promoting risk management and elaborating new INTOSAI guidelines by the Subcommittee Risk management audit by your SAI About the Survey SUPREME AUDIT OFFICE OF POLAND www.nik.gov.pl

6. the existence of the awareness of the connections between good governance and risk management • risk perceived as a threat • standardization as a way for further development of risk management • the lack or insufficient advancement of critical elements risk management • opportunities, sustainability risks and political risks still beyond the risk identification in public sector • assessing the maturity level of risk management as before challenge for SAIs ilustracja SUPREME AUDIT OFFICE OF POLAND www.nik.gov.pl

7. Nazwisko autora/Departament SUPREME AUDIT OFFICE OF POLAND www.nik.gov.pl

8. Nazwisko autora/Departament SUPREME AUDIT OFFICE OF POLAND www.nik.gov.pl

9. SUPREME AUDIT OFFICE OF POLAND www.nik.gov.pl

10. Further implementation of the concept of risk management in the public sector increased importance of INTOSAI GOV 9130 as a benchmark for risk management in the public sector eenhancing the capabilities of SAIs in the field of risk management The review of INTOSAI GOV 9130 The merger of COSO ERM with ISO 31000 Areas of improvement? SUPREME AUDIT OFFICE OF POLAND www.nik.gov.pl

11. Thank you for your attention SUPREME AUDIT OFFICE OF POLAND www.nik.gov.pl