Risk can be broadly defined as any event that has an impact on the realisation of the University's stated objectives. Significant areas of risk include those that may reasonably present a risk to the University's key assets: reputation, people, finances, infrastructure, and intellectual property.
The RMAO delivers assurance services in conjunction with the University's internal audit co-sourced provider, and works to the Internal Audit Program approved by Council. The RMAO also run the Continuous Monitoring Program using computer assisted audit techniques to identify suspicious transactions and provide control and performance insights.
The RMAO conducts Business Improvement Reviews to improve the efficiency and effectiveness of business processes. The RMAO also provide advice through their participation in Project Management Groups across all areas of the University and through their role as Privacy Officer for ANU.
The RMAO has developed a number of tools and templates to assist staff in assessing and documenting the risks faced by their area.
Audit & Risk Management Committee
Risk Management Advisory Committee