AMIC kenya Limited
RISK MANAGEMENT
As a Board member or a Senior Manager, what are the key and basic Internal Controls Exposures facing your organization? What are the key Controls Risks facing the organization? What are the red flags? Which mitigating measures can you put in place
Understanding your organizations or department’s internal controls exposures and risks, and acquiring basic skills to mitigate these exposures is not an option for any Senior Manager or person with responsibility to manage and help in this process. While the ultimate responsibility of ensuring that the organization has identified the internal control exposures and instituted measures to mitigate such exposures rests with management, other managers must also acquire an understanding of these exposures as a basis of ensuring that management comply with this requirement.
Reviewing the effectiveness of internal controls is an essential part of the Management and Board’s responsibilities. Management is accountable to the Board for developing, operating and monitoring the system of internal control and for providing assurance to the company that it has done so. Key organizational players must have an understanding of these risks and mitigate against them by firmly embedding sound internal controls and risk management practices within organizational processes.
GOVERNANCE AND ETHICS
AMIC leads the ethics movement by committing to:
- Being the model ethical institution
- Incorporating ethics in AMIC Curriculum.
- Offering Qualifications in ethics such as in Corporate Governance.
- Being a Centre of excellence where other institutions can access resources to promote ethics.
- Collaborating with other institutions promote ethics in EA, Africa and the World.
MONITORING AND EVALUATION:
Monitoring means comparing actual progress in activities and results to the objectives formulated in advance. Generally this will give you little more than a broad indication of whether the expected objective is achieved.
Monitoring and evaluation (M&E) of projects and programmes plays an essential role in this process. M&E gives an organization insight into the effectiveness and efficiency of its activities, projects and programmes. An organization can use the results of M&E to adjust its activities.
Monitoring and evaluation (M&E) of development activities provide government officials, development managers, and civil society with better means for learning from past experience, improving service delivery, planning and allocating resources, and demonstrating results as part of accountability to key stakeholders. Within the development community there is a strong focus on results - this helps explain the growing interest in M&E.
