You are a Manager at a major municipality in the Eastern Cape Province and have just attended
Question:
You are a Manager at a major municipality in the Eastern Cape Province and have just attended the CPMD training on Managing Risk in a municipal context. Your Supervisor, who is a Section 56 Official, has been very impressed about what you have learned (especially the modules that cover the whole spectrum of the municipal activities) and is looking forward to implementing your ideas. At the EXCO meeting, it was suggested there should be improvements in the Governance, Ethics, and Stakeholder Relations processes in the municipality to assist the new Accounting Officer after the inauguration of the new Council more than a week ago.
For each area identified below, List the risk that may arise and how can this be mitigated/overcome. Use the table below. You are most welcome to use landscape format in your answer sheet
No. | RISK AREA / Module | RISK IDENTIFIED (what can go wrong) | MITIGANTS (how can the risk be addressed) |
1 | Legislation – Laws, Governance & Ethics - Compliance
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2 | Strategy / Objectives – IDP |
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3 | Planning / Budgeting – SDBIP, MTRAF, MTEF |
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4 | Supply Chain |
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| REAL Accounts |
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5 | Revenue |
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6 | Expenditure |
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7 | Assets |
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8 | Liabilities |
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9 | Finance |
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10 | Reporting – AFS, Performance |
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11 | Internal Controls |
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12 | Human Resources |
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13 | AG / External Audit |
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14 | Technical departments eg Roads, Water |
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15 | Communication |
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Intermediate Accounting
ISBN: 978-0132162302
1st edition
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella