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Nematrian Reference Library

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HM Government Finance Function (2021b)Good Practice Guide: Risk Reportinghere

Introduction (partial)

"The Orange Book – Management of Risk, Principles and Concepts (2020) advises that processes shall be structured to include ‘timely, accurate and useful risk reporting to enhance the quality of decision-making and support management and oversight bodies in meeting their responsibilities’. Risk reporting is a key component of the risk management framework, providing insight and confidence to both internal and external stakeholders. Good risk reporting offers an integrated perspective, which draws on and complements planning and performance frameworks and insights in assuring the effectiveness of the risk management approach, and highlighting areas where intervention is required."


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