Risk Management Framework Tool

Content Summary

Managing risk and reward is an important balancing act when you're growing your practice. It’s also critical to ensuring your compliance with APES 325 Risk Management for Firms, and providing a quality service to your clients.

That’s why we've developed an online tool to help you develop a custom Risk Management Framework (RMF) for your practice. Tailored to your individual circumstances, it will help you identify, assess, mitigate, implement, and monitor the risks to your practice.

All public practice certificate holders managing a practice must have an RMF to be compliant under APES 325. The document you create using this tool will be APES 325 compliant, helping you to meet your regulatory obligations.

Risk management module

If you’re new to risk management, do this module first. It covers the essentials such as risk management terminology, approaches to risk management, the International Organization for Standardization (ISO) risk management process and risk assessment techniques. Then, use the tool to develop your on Risk Management Framework.

Select your location to access this complimentary module:

How does the tool help you?

  • It makes compliance with APES 325 easier and faster
  • It reduces risk for your individual practice
  • It provides you with a guided process for simplicity.

Introducing our Risk Management Framework Tool

Frequently Asked Questions

If you experience difficulties using the tool or would like to provide feedback, email us at [email protected]

Risk Management Framework Tool Terms of Use

The CPA Australia Risk Management Framework Tool and any material generated through the tool is designed to assist CPA Australia members holding a public practice certificate to document their firm's risk management policies and procedures under APES 325 Risk Management for Firms.

Access and/or use of the tool constitutes acceptance of these Risk Management Framework Tool Terms of Use, CPA Australia's website Terms of Use and Privacy Policy (as updated from time to time).

Use of the tool and any material generated by the tool should not be considered as conclusive or definitive in relation to an assessment the firm's compliance with APES 325 Risk Management for Firms. CPA Australia makes no representations, warranties or guarantees about the appropriateness and/or fitness for purpose of the tool and any material generated by the tool.

We may store information you provide to us via the tool so that you can save your progress and return to it at a later date upon logging in. Any personal information you provide to us will be handled in accordance with our Privacy Policy.