Risk Register The updated Risk Register of the entity is depicted in the risk register below: Risk Assessment Actions to Risk Control improve Back-ground Current Re-sidual Risk Action Time Ref Objectives Risk Category Impact to the risk controls risk Owner scale Risk of the risk 1 Financial Cash Ageing Major 4 Likely 4 16 Fraud Fair 0.75 12 4 3 CEO Market of the COO Aug. 2014 flow risks investiga-tions; future project Increasing Internal audit (which was operational reviews; approved) costs; Agency will upon Insufficient manage-ment revenue and collections; Other minimise Amber Amber Lack of monitoring most of the diversified activities risks trading options and Abuse of proxy-sales 2 Financial Litigation Major 4 Possible 3 12 Market bylaws; Fair 0.75 9 4 2.25 CEO Penalties for CFO Sept. Food Security risk to Business 2014 Programme: SCM policies; upgrades; A continuous and Poor handling Segre-gation of by adequate supply of food duties; employees of suitable quality handling Com-pliance On-going fresh produce at procedures; audit reviews; risk reasonable prices Insufficient on availed through controls supply chain compliant Amber facilities processes; Complian-ce serving notices and reporting 3 External Food Food insecure Major 4 Likely 3 12 Foodbank and Fair 0.75 9 4 2.25 CEO Implement Manager Sept. environment security households in CoJ Human food security Targeted 2014 CoJ Development strategy Groups People flock to Food parcels Red Amber
Risk Register The updated Risk Register of the entity is depicted in the risk register below: Risk Assessment Ref Objectives Risk Category Risk Back-ground to the risk Impact Risk Current controls Control Re-sidual risk Risk Owner Actions to improve of the risk Action Time scale 1 Food Security Programme: A continuous and adequate supply of suitable quality fresh produce at reasonable prices availed through compliant facilities Financial Cash flow risks Ageing Increasing operational costs; Insufficient revenue collections; Lack of diversified trading options and Abuse of proxy-sales Major 4 Likely 4 Amber 16 Fraud investiga-tions; Internal audit reviews; Agency manage-ment and Other monitoring activities Fair 0.75 Amber 12 4 3 CEO Market of the future project (which was approved) will upon minimise most of the risks COO Aug. 2014 2 Financial Litigation risk to SCM policies; Poor handling of food handling procedures; Insufficient controls Major 4 Possible 3 12 Market bylaws; Business upgrades; Segre-gation of duties; Com-pliance audit reviews; Fair 0.75 Amber 9 4 2.25 CEO Penalties for by employees On-going risk on supply chain processes; Complian-ce serving notices and reporting CFO Sept. 2014 3 External environment Food security Food insecure households in CoJ People flock to Major 4 Likely 3 Red 12 Foodbank and CoJ Human Development Food parcels Fair 0.75 Amber 9 4 2.25 CEO Implement food security strategy Manager Targeted Groups Sept. 2014
Mid-Year%20Report%202014-02-24.docx