Not For Profit: Risk management on the agenda

One of the roles of governors and trustees in the non-profit sector is to ensure that the charitable organisations they govern are applying sound risk management practices.

29th September, 2012
Deirdre Kiely, head of audit, advisory and assurance at accountancy firm RSM Farrell Grant Sparks. Photo: Maura Hickey

One of the roles of governors and trustees in the non-profit sector is to ensure that the charitable organisations they govern are applying sound risk management practices.

"Governors need to identify risks at board level and to take ownership of them," said Deirdre Kiely, head of audit, advisory and assurance at accountancy firm RSM Farrell Grant Sparks.

She said that, typically, most board members were volunteers and thus needed to work with the management of...

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