Statement of Intent 2006-09: Part One - Setting the scene

Governance and risk management

Our senior management team

[Long descripton]

[Larger version of image]

Governance

The Commissioner chairs two governance boards:

• Executive Board - examines longer term strategy, ethics, strategic risks and progress towards our desired future and outcomes
• Management Board - focuses on and manages major operational issues (such as high-level business outcomes and outputs, performance risks and staff survey results).

There are also four committees:

• Project Governance and Investment Committee - oversees the approval, initiation and implementation of significant projects
• People and Capability Committee - drives our key focus area of enhancing capabilities
• Technical Issues Committee - facilitates and ensures the coordination of departmental effort on key tax issues
• Risk and Assurance Committee - provides independent assurance to the Commissioner on aspects of the effective and efficient discharge of his statutory responsibilities and accountabilities.

Risk management

Our ability to achieve our outcomes depends on being able to identify and treat risks. We achieve this through having strong governance structures and sound risk assurance frameworks.

We use the Australia/New Zealand Risk Management Standard as the basis for our risk management framework, which enables risks to be identified, analysed and managed. The risk management framework applies to strategic and operational initiatives and projects.

We will further link the risk management framework into the strategic planning process for 2007-08. This will allow us to better identify organisational risks and develop appropriate mitigation strategies.

We manage risks to our operations through the use of our governance boards and committees. For example, governance reports prepared for the Risk and Assurance Committee and the Project Governance and Investment Committee ensure that:

• all projects are subject to risk management methodology to minimise the risk exposure of Inland Revenue. For example, the Project Governance and Investment Committee requires key projects to deliver project quality reviews to ensure compliance with internal and external standards.
• strategic, business, investment, organisational, project, technology and environmental risks are assessed in the risk management process.
• the overall risk management strategy is monitored and assessed by Risk and Assurance to ensure that the process is effective.

Other pages in: Part One - Setting the scene

• Commissioner's introduction

Date published: 04 Aug 2006

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