Premium
Accountability and Expertise in Public Sector Risk Management: A Case Study
Author(s) -
Palermo Tommaso
Publication year - 2014
Publication title -
financial accountability and management
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.661
H-Index - 44
eISSN - 1468-0408
pISSN - 0267-4424
DOI - 10.1111/faam.12039
Subject(s) - accountability , scrutiny , risk management , public sector , business , context (archaeology) , risk management framework , relevance (law) , accounting , enterprise risk management , it risk management , new public management , public relations , knowledge management , political science , finance , computer science , law , paleontology , biology
This paper examines the adoption of a formal risk management framework in a large public sector organisation. The paper shows the relevance of risk management as an accountability tool, extended by means of disclosure to the scrutiny of distant others. The paper also reveals how the use of risk management is dependent on relational skills, knowledge of business activities and professional experience. Risk management can be seen as both a context‐dependent device and as a technique abstracted from a context. The paper discusses how risk officers deal with this complexity, addressing the expectations of multiple organisational actors and external entities.