Page 45 - 2596-CA SR Lanka- Annual Report 2022
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Risk Event Implications to CA Sri Lanka Severity of Impact Risk Controls and Safeguards
compared to 2021
Business Need to maintain the continuity of y Establishment of formal Business
Disruption operations regardless of unforeseen Continuity Plans and Disaster Recovery
interruptions Processes
y Extensive use of digital technology to
continue with learning and examinations
Employee Attrition Ensuring the Institute is well staffed at y Review the performance of employees
all times with competent and capable and provide additional support by way of
employees training, mentoring etc
y Create opportunities for career
advancement
Regulatory Driving “zero tolerance of non- y Establishment of an internal audit
Compliance compliance” department to ensure continuous
improvement of internal controls, policies
and procedures
y Appointment of a member of the
Governing Council to Governance & Audit
Committee of the Institute to facilitate
higher levels of oversight and coordination
y Periodic due diligence by independent
external consultants
No change Increase
CA SRI LANKA | Integrated Annual Report 2022 43
