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

Business Continuity Plan: Development Methodology

5 May 2020
Business Continuity Plan (BCP) experts at RSM bring some of the deepest and most thorough understanding of underlying risk and incident management issues.

Is COVID-19 an excuse to forgo forensic due diligence or integrity checks?

20 April 2020
In the wake of these ever-changing times it is quite natural for businesses and individuals to focus more on survival. This includes staff retainment rather than paying attention to protective control measures including conducting forensic due diligence checks.

COVID-19 Anti-fraud and corruption toolkit for business

27 March 2020
An important COVID-19 fraud update from the Fraud & Forensic Services team at RSM 

Home office security essentials and tax deductions during COVID-19

26 March 2020
To minimise the spread of COVID-19, businesses across the globe are hurrying to implement remote working for employees.

South Pacific and Asia Conference 2020 (SOPAC®)

2 March 2020
Darren Booth, National Head of Security and Privacy Risk Services at RSM Australia, will be presenting at the upcoming South Pacific and Asia Conference 2020 (SOPAC®) on 'The latest news in cyber security'. This presentation will cover the following:

5 ways boards can expect the unexpected: Resilience and Corporate Governance

20 February 2020
The need for organisations to be nimble and responsive has never been more necessary. The pace of technological advancements, the global and mobile nature of today’s marketplace and rising regulatory burden mean that having resilience and continuity plans are critical.

Catch 22: Digital Transformation and it's impact on cybersecurity | RSM Australia

17 February 2020
Regardless of their digital footprint, any business with a reliance on technology is at risk of cybercrime.

Audit Office of NSW - Internal Controls and Governance 2019

30 January 2020
In November 2019, the Audit Office of New South Wales (AONSW) released a report summarising sector-wide findings and recommendations relating to internal controls and governance from their 2018-19 financial audits of the 40 of the largest public-sector agencies in NSW.

Audit Committee Guidelines by the Department of Finance

30 January 2020
A good governance is a combination of processes and structures implemented by the Board to inform, direct, manage and monitor the activities of the organisation toward the achievement of the organisation’s objectives. The Audit Committee plays a pivotal role in ensuring good governance by overseeing the organisation’s

Safeguard Mechanism - Baseline Application Key Dates

7 January 2020
In early March 2019, amendments were made to the National Greenhouse and Energy Reporting (Safeguard Mechanism) Rule 2015  which had the effect of:

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

25 November 2019
The Internal Audit (IA) should provide a comprehensive review of your Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) program

Emerging Competition in the Financial System

22 November 2019
The sharing economy has grown significantly in recent years, facilitating innovation, job growth and more choices for consumers. It started with taxis and hotel rooms, but will financial services follow soon? Or has it already begun with the new wave of fintechs?

Top of mind Cyber Security concerns for the financial services industry

26 September 2019
Cyber attacks and data breaches are now commonplace in financial services, more so than in any other industry and becoming the number-one risk concern for executives and directors.  

Expertise in climate change, sustainability and environmental risk management

4 June 2019
Climate change and the environment are topics continually making headlines on a regular basis.

Are you up to date with the latest AASB standards?

11 May 2018
New standards for classification and measurement of financial assets and liabilities have been in force since 1st January 2018.   Are you aware of how it will impact your business?

Assessing Governance - A Critical Step for Successful Change

14 March 2018
Perhaps one of the absolute truisms is that we live in a changing world. 

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.

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.

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.

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

The importance of risk management in today’s digital business environment

28 May 2015
Businesses must put the right security and processes in place to remain safe and sustainable, particularly in today’s changing business environment. There are many factors to consider from a risk perspective, and getting it right is critical.

Key contact

Jean-Marc Imbert
National Head of Risk Consulting

T: +61 3 9286 8186
[email protected]