Organisational Risk Management
Organisational risk management in IRBM is implemented through a comprehensive governance and risk management structure to ensure that organisational risks are systematically identified, assessed, monitored and managed in alignment with the organisation’s strategic objectives.
The organisational risk management structure comprisesThe organisational risk management structure comprises:
- Organisational Risk Management and supported by three main functions:
- Corporate Risk Management (Enterprise Risk Management – ERM);
- Business Continuity Management (BCM); and
- Occupational Safety, Health and Environment (OSHE).
- Tax Compliance Risk Management (TCRM)
- TCRM serves as a strategic control framework that guides the process of identifying, assessing and managing risks that may affect taxpayers’ compliance with national tax laws and regulations.