CUT Annual Report 2011

CUT ANNUAL REPORT 2011 | 23
Risk Assessment Workshop
University management conducted a strategic risk assessment workshop in January 2011, which was facilitated by the outsourced
internal auditors of the University. Following the strategic risk workshop, an updated strategic risk register was compiled. The
management of the risks identified at the strategic workshop is currently being integrated into the day-to-day activities of the
University. Risk assessment and identification remains an ongoing process within the University.
Fraud Risk Management
Employees and others have access to a whistle-blowing facility (Ethics Hotline) to anonymously report unethical and risky behaviour.
Any dishonesty, when detected, is taken seriously and dealt with on an ongoing basis through forensic investigation.
Examples of Risk Categories
Management is continuously developing and enhancing its risk and control procedures to improve the mechanisms for identifying
and monitoring risks.
In order to minimise risk factors CUT will implement the following:
• Beefing up security personnel with the recruitment of new staff.
• Training of current staff in security courses.
• Installation of integrated CCTV cameras.
• Continuous performance evaluation of CUT security, as well as out-sourced security.
• Installation of time attendance devices to control absenteeism and staff coming in late, leaving early and deserting their posts.
• Safe use of workplace machinery and other equipment.