Factsheet - Local Government Risks

Factsheet

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Author

IIA-Australia

Date

2023

Topics Explored

Risk Management, Public Sector, Local Government

Format

Factsheet

Extract/Description

Local government is the closest level of government to the community and has a key impact on a community’s quality of life. It is a complex level of government with some councils also responsible for a diverse range of services which may include airports, child care, aged care, security, water supply and sewage.

Key Points

1. Local government has a distinctive risk profile but sometimes does not have the level of funding required to adequately manage those risks.

2. Councils are increasingly finding themselves at the front line in responding to natural disaster situations, and in addressing market failure for services such as aged care and child care.

Relevant Industries

All

Level of Assumed Knowledge

Intermediate

Aligned to Global Internal Audit Standards

No