Annual Report 2004-05

Internal Audit and Risk Management Arrangements

Enterprise Risk Management

In 2004, Defence devised treatments to mitigate risks that were judged to be unacceptable to Defence's ability to defend Australia and to manage and conduct its business. Progress reports on those treatments were made to the Defence Committee periodically.

In April 2005, the Defence Committee decided to forego further periodic reports on the treatment of key risk areas in Defence, and instead requested that Defence Groups and Services report to the Inspector-General whenever changes in their risks warranted it. The Defence Risk Management Plan is being revised to accommodate this.