Validation and Supporting Documentation What happens if I disagree with my result? The results of the Survey are final and not subject to change. Comcover has engaged Deloitte to ensure the integrity of the survey results and that no bias enters into the Benchmarking assessment process. Comcover would be happy to work with an entity to analyse their results, and identify possible ways to improve their level of risk maturity. How will the data provided by participating entities be verified? At the conclusion of the survey Comcover’s risk services provider, Deloitte, will conduct a validation process to ensure accuracy of results. Data verification will be undertaken on a sample of entities. Entities will be selected at random to participate in this process. Entities selected for review will be advised by mid March 2016. What supporting documentation is required by the survey? Entities are requested to provide supporting documentation for the answers they provide in the survey. For 2016 entities will be requested to supply the following supporting documentation prior to completing the survey questions: 1. Risk Management Policy - entity’s risk management policy or document to the same effect. 2. Risk Management Framework any relevant document detailing the risk – management framework and its key components. 3. Risk Management Strategy any relevant document that describes the entity’s – enterprise risk management strategy. 4. Risk Management Plan documentation indicating the entity’s methods and – strategies to manage risks within a formal assessment and review framework. 5. Operational and Strategic Risk Registers extracts or templates. – 6. Committee Charters documented charters for Committees that have risk – management responsibilities.
Validation and Supporting Documentation What happens if I disagree with my result? The results of the Survey are final and not subject to change. Comcover has engaged Deloitte to ensure the integrity of the survey results and that no bias enters into the Benchmarking assessment process. Comcover would be happy to work with an entity to analyse their results, and identify possible ways to improve their level of risk maturity. How will the data provided by participating entities be verified? At the conclusion of the survey Comcover’s risk services provider, Deloitte, will conduct a validation process to ensure accuracy of results. Data verification will be undertaken on a sample of entities. Entities will be selected at random to participate in this process. Entities selected for review will be advised by mid March 2016. What supporting documentation is required by the survey? Entities are requested to provide supporting documentation for the answers they provide in the survey. For 2016 entities will be requested to supply the following supporting documentation prior to completing the survey questions: 1. Risk Management Policy - entity’s risk management policy or document to the same effect. 2. Risk Management Framework – any relevant document detailing the risk management framework and its key components. 3. Risk Management Strategy – any relevant document that describes the entity’s enterprise risk management strategy. 4. Risk Management Plan – documentation indicating the entity’s methods and strategies to manage risks within a formal assessment and review framework. 5. Operational and Strategic Risk Registers – extracts or templates. 6. Committee Charters – documented charters for Committees that have risk management responsibilities.
2016-benchmarking-frequently-asked-questions.docx