Oireachtas Joint and Select Committees

Thursday, 8 May 2014

Public Accounts Committee

2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2012
Chapter 2 - Government Debt
Finance Accounts 2012

11:05 am

Mr. John Moran:

Yes. What became obvious to me - risk is a good example - is that many people in the Department were focused on what one would describe as risk. Risk was being managed by people who were thinking about the risks if tax receipts did not come in at the right level or the risks in terms of banking issues.

What is different in the way we have approached it is that while people are still focused on those, spend their time identifying risks they deal with and come up with plans as to how to deal with them, there are now separate groups of people who manage the risk register. They sit in a room with other people across the Department thinking about risks that occur across the whole area in order to do a peer review. Some of that structure was missing. We have been involved in the recently published national risk assessment whereby some of those techniques will spread all the way across Government.

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