Risk and Assurance Risk and assurance is an integral component of AT’s overall governance structure. Its purpose is to provide independent, objective assurance and advice designed to drive continuous improvement in how we operate. This support helps management to be more effective in meeting AT business objectives, fulfilling its strategy, and meeting its obligations to key stakeholders. Specifically, Risk and Assurance: • Supports the Finance and Assurance Committee in fulfilling its oversight responsibilities • Works with the business to evaluate and improve the effectiveness of governance, risk management and control processes using a systematic and disciplined approach, prioritising its efforts through a flexible, risk-based internal audit plan • Provides assurance to the Chief Executive and Board that AT’s financial and operational controls are operating in an efficient, effective and ethical manner. • Implements of the Organisational Risk Management Framework
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AUCKLAND TRANSPORT 2021 ANNUAL REPORT
• Facilitates risk assessment workshops, provides advice and coaches the organisation on risk and control, and promotes the development of a common language and risk management framework based on the Risk Management Standard, AS/NZ ISO 31000:2009 / ISO 31000: 2018 Risk management – principles and guidelines • Acts as the central point for coordinating, monitoring and reporting on risks • Interacts regularly with other business areas such as Internal Audit, Finance, Health, and Safety and Legal • Supports managers to identify the best strategies to mitigate risks.
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