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ISO 31000, Airmic, A., 2011. IRM (2010). A structured approach to…
ISO 31000
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Measuring and monitoring
Evaluate existing controls: if found not to be effective anymore adjust and change. this will lead to risk improvement recommendations.
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Learning and reporting
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Report risk performance
externally reported would lead to better mandate external requirements on internal controls in place.
Risk
What is risk:" effect of uncertainty on objectives". This can be impacted on different periods of time.
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Airmic, A., 2011. IRM (2010). A structured approach to Enterprise Risk Management (ERM) and the requirements of ISO 31000. The Public Risk Management Association.