Risk Management for Firms

APES 325 Risk Management for Firms (APES 325) sets out mandatory requirements and guidance for firms to establish, maintain, monitor and document a risk management framework.

An effective risk management framework should assist a firm to meet its overarching public interest obligations as well as its business objectives by facilitating business continuity, enabling the delivery of quality and ethical services to clients, and protecting the reputation and credibility of the firm. The Standard addresses the objective of a risk management framework for a firm, monitoring a firm’s risk management policies and procedures and documentation requirements.