This guide provides a framework to share a common understanding about risk and a tool for the prioritisation of management decision-making.

It will help you to recognise existing control activity that is managing risks and identifying gaps where you need to do more.

Latest version updated July 2015

The content of guides is correct at the time stated above but inevitably legal changes, case law and new financial reporting standards will change. You are therefore advised to check any particular actions you plan to take with the appropriate authority before committing yourself. No responsibility is accepted by the authors for reliance placed on the content of this guide.