Accounting Practice Outcomes
To achieve an environment which manages risks as a fluid process without disruption to ongoing client advice and client management, and to enhance the service offering whilst awareness of associated risks.
To identify and manage risks associated with new service lines to be effective.
To develop and monitor a Risk Management Framework which is specific for the practice and complies with APES 325 Risk Management in Firms (issued by the APESB).
To assist staff to achieve best practice procedures in line with the practice's framework to provide comfort to stake holders that the risk management process is being followed.