Risk management
Risk management

Start this free course now. Just create an account and sign in. Enrol and complete the course for a free statement of participation or digital badge if available.

Free course

Risk management

3.5 Antidotes to behavioural issues

To conclude this review of the matters that need examining in an audit of risk management systems have a look at this list of recommendations for controlling (and hopefully containing) the potential adverse impact of behavioural issues.

  • Learning from history.
  • Reporting incidents.
  • Incentives – for example, personal objectives regarding ethics and compliance, or rewards to whistle-blowers who identify frauds. These are common in the US with the whistle-blower receiving a proportion of any fine subsequently handed down.
  • Incentive system designed to remove conflicts (e.g. production rate v. quality rate, sales targets v. bribery).
  • Not doing risk reviews in a group but in independent one-to-one sessions.
  • Reviews and assurance conducted by third parties (and without notice).
  • UK government approach to horizon scanning and risk assessment (futures toolkit).
RM_1

Take your learning further371

Making the decision to study can be a big step, which is why you'll want a trusted University. The Open University has 50 years’ experience delivering flexible learning and 170,000 students are studying with us right now. Take a look at all Open University courses372.

If you are new to university level study, we offer two introductory routes to our qualifications. Find out Where to take your learning next?373 You could either choose to start with an Access courses374or an open box module, which allows you to count your previous learning towards an Open University qualification.

Not ready for University study then browse over 1000 free courses on OpenLearn375 and sign up to our newsletter376 to hear about new free courses as they are released.

Every year, thousands of students decide to study with The Open University. With over 120 qualifications, we’ve got the right course for you.

Request an Open University prospectus371