Risk Management in Public Administrative Establishments
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Risk Management, Public Administrative Establishments, EPA, LOLF, RGP, GBCP, Internal Control, Public Managers Responsibility, Risk Identification, Risk Evaluation, Risk Prioritization
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Abstract
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Abstract
This document explores risk management within accounting agencies of public administrative establishments in France, focusing on improving management practices and establishing risk management policies.
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[...] 1.2.2.3 External Controls and Audits External controls and audits constitute a significant challenge for the accounting agencies of public administrative establishments in France. Philippe Bezes (2020 p.37-38)40 emphasizes that external audits are essential to ensure transparency and accountability of public managers. However, these audits can also reveal shortcomings in risk management practices and impose costly and complex corrections. External audits, carried out by bodies such as the Court of Auditors, aim to verify the compliance of accounting and financial practices with the regulations in force. [...]
[...] 3.5.1 Improvement of Management Practices 1.5.1.3 Establishment of Risk Management Policies To optimize risk management within the accounting agencies of administrative public establishments it is imperative to establish well-defined risk management policies. These policies should establish a structured framework for identifying, evaluating, and managing risks. They should include clear procedures for reporting and evaluating risks, criteria for prioritizing identified risks, and specific measures to mitigate these risks. To be effective, these policies must be aligned with the agency's strategic objectives and regularly reviewed to take into account internal and external developments (ISO 31000, 2018)44. [...]
[...] 2.3.2 Human Resources and Competencies 2.3.2.1 Training and Sensitization of Personnel Training and sensitization of personnel are crucial for the effective implementation of risk management strategies within the accounting agencies of public administrative establishments in France. Continuous employee training is important to ensure they are up-to-date with the latest risk management practices. Regular training enables agents to understand new regulations, acquire specific skills to identify and evaluate risks, and respond proactively to emerging challenges. It emphasizes that training must be tailored to the specific roles and responsibilities of each member of staff to be truly effective. [...]
[...] Mastering risks within administrative public establishments is often perceived as an undeniable necessity (Authority for Accounting Standards, 2020)3. However, this statement conceals significant challenges related to the effective implementation of these practices. Public managers must not only identify and evaluate risks, but also develop strategies to mitigate them, while respecting strict regulatory frameworks (Court of Auditors p. 17-18)4. Despite these advances, several gaps remain in current research. Few studies have exhaustively examined the effectiveness of risk management strategies in EPA, particularly in the context of an accounting agency. [...]
[...] New approaches, such as the use of advanced technologies for risk analysis or the integration of artificial intelligence for prediction, enable more dynamic and precise risk management. These innovations aim to make risk management processes more reactive and adaptable to changing market and regulatory environment conditions. 2.3.2.3 Partnerships with Academic Institutions Partnerships with academic institutions play a significant role in advancing knowledge in risk management. By collaborating with researchers and universities, organizations can benefit from new perspectives and approaches based on the latest research. [...]
