The Directorate of Internal Audit has held a two-day workshop for heads of Directorates, Divisions, Sections and Units in the Central Administration to sensitize them on Risk Management at the Training and Development Section, South Campus.
Opening the workshop, the Acting Director of Internal Audit, Mr. Emmanuel P. Owusu, noted that any organisation or business entity had the potential to experience significant losses if the appropriate risk management was not practiced. He explained that the workshop was intended to equip the heads to put in place control measures to minimize risk in their respective offices.
Making a presentation on the benefits of risk management, Junior Assistant Internal Auditor, Miss Joyce A. Sam observed that every organisation was prone to risk and therefore prudent actions must be taken to manage and minimize it. She noted that it served as a guide to manage occurring events and its consequence on the organisation. She also mentioned that risk management practice would create opportunities for UCC to realise its objectives through early identification and proactive management of threats.
Assistant Auditor, Mr. Daniel Quainoo who gave a presentation on “Implementing risk management framework” admonished the senior administrators to consider risk management as an effective means setting the priorities of the university right. He recommended an assessment of the mandate of all offices in the university, so that the necessary reviews could be done in order to achieve the vision and mission of the university. He called for effective supervision by the heads of the various offices to ensure that their staff work up to expectation.
Other topics discussed at the workshop were Risk Documentation and Development of Risk Register.