RSM Australia

Governance, risk & controls

Governance

All actions or activities within every entity will fall under a 'governance framework' which essentially defines the rules or norms that guide the relevant activity.  At RSM, we work with you to ensure that you have a governance framework that works for you. 

The common traps that organisations face:

  • governance overload – spending all your time managing your governance frameworks, instead of focusing on your core operations
  • reacting to external factors and implementing governance frameworks to comply, rather than being proactive and implementing governance frameworks to drive the organisation
  • set and forget – are your governance frameworks still relevant to your organisation?   

Risk and controls

Risk management practices have evolved significantly following the release of the risk management standard in 2009.  The strong relationship between identified risks and mitigating controls is widely accepted and understood.

A strong control environment is a very important tool for mitigating your risk exposure.  Implementing a simple, but well-designed control can be very effective in reducing the likelihood or consequences of a risk eventuating.

At RSM we assist our clients in ensuring that their control environment is:

  • simple
  • practical
  • effective
  • flexible

4 steps banks should take to strengthen compliance management systems

13 January 2017
Focus on compliance culture and approach, not just transactions Regulators are taking a different approach to examinations at banks and credit unions. Where, until recently, they focused almost exclusively on files and transaction testing, they are now also taking a harder look at each institution’s overall compliance approach.

Responding to risk: Strategies to manage threats and opportunities

10 January 2017
In a competitive business environment, all organisations must implement Enterprise risk management processes to manage risk effectively in order to achieve business and strategic objectives. Your organisation encounters business risks on a daily basis; assuming risk in the pursuit of profit is the essence of a business.

Expertise in climate change, sustainability and environmental risk management

10 November 2016
Climate change and the environment are topics continually making headlines on a regular basis. The headlines often highlight risks faced by organisations and Directors around tighter carbon regulations or heightened reporting of climate change, and opportunities, and developments in sustainability reporting or workplace health and safety regulations.

APRA releases enhanced governance requirements for superannuation trustees

8 November 2016
On the 3rd of November, the Australian Prudential Regulation Authority (APRA) released updated governance requirements for APRA-regulated superannuation trustees (RSE licensees) with a final revised prudential standard and prudential practice guide on governance. 

Recent AML/CTF Updates: A KYC Game Changer

24 October 2016
Fundamental changes to how reporting entities collect ‘Know Your Customer’ (KYC) information

Our services to the local government sector

10 October 2016
RSM has a long history, both in Australia and overseas, of providing a wide range of value added services to local government. Challenges facing Councils and Councillors continue to increase, driven by greater community expectations, regulatory changes, and enhancements to governance structures, amalgamations and restructures.

Expertise in waste and resource management

29 September 2016
RSM has a long history of advising clients in the waste and resource management industries, providing integrated solutions across our service lines in Australia and through our global network.

Is your internal audit of AML/CTF doing all it should?

7 July 2016
The IA should provide a comprehensive review of your AML/CTF program

5 key risks companies should monitor in 2016

25 May 2016
Plan now to address employment, inflation, currency, cybersecurity and vendor risks

5 key risks companies should monitor in 2016

25 May 2016
Plan now to address employment, inflation, currency, cybersecurity and vendor risks

Pages

Key contact