The document defines the standards to be used in the local service control process in order to achieve more efficient use of resources and optimal results in controlling the implementation of the financial management legal framework.
Risk Management includes the identification, assessment and control on those events or potential situations that might have a harmful effect on the fulfilment of the objectives of the public entity and is carried out to provide reasonable assurance that these objectives will be met. The risk is measured according to its effect and the degree of probability of the event.
