Public Sector Risk Management Framework
The Public Sector Risk Management Framework (Framework) has been developed in response to the requirements of the Public Finance Management Act and Municipal Finance Management Act for Institutions to implement and maintain effective, efficient and transparent systems of risk management and control.
A number of supplementary guidelines, templates and implementation tools have been developed to enhance the user’s understanding of the Framework and to facilitate its implementation. The Framework is “principles” rather than “prescriptive” based and adopts the approach of elucidating the principles, standards, models and practices proven to support and sustain effective risk management.
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