Risk-based Reporting: Delivering Results in a New World of Reporting

This briefing provides the fundamentals of risk-based reporting and a report template for preparing risk reports. It is designed for internal reporting, but will facilitate reporting to stakeholders.

Document Highlights

Effective risk management processes are critical to an organization’s business activities and governance practices. Preparing and presenting risk-based reports to senior executives, audit committees and boards of directors has become more important than ever. Signal49 Research has developed a guide to aid in the reporting of risks. It provides the fundamentals of risk-based reporting and a report template. The guide helps the organization to examine:

• The roles and responsibilities of senior management and the audit committee in reviewing the risk management process;
• How the risk management office responds to changing economic, political and business environments;
• The organization’s strategic direction, financial objectives, major capital expenditures, business plans, governance framework and infrastructure;
• The organization’s value proposition in relation to stakeholder needs and competitor offerings;
• All business units’ objectives and targets;
• The organization’s risk tolerance level; and
• The organization’s approach to risk management.