Finance News: CDFG calls for input to survey to assess sector's risk plans

Charities are being urged to participate in a survey on risk management.

The survey, organised annually by the Charity Finance Directors' Group and accountancy firm PKF, asks respondents to consider issues such as reputation, ineffective management and IT failure, as well as attitudes to risk.

Last year, almost 400 charities took part in the survey, which led to the publication of the report Reaping the rewards - is risk management proving its worth?

The findings revealed that less than half of charities have a business plan to cope with disasters, only a third have a media response plan, and fewer than 20 per cent have a fraud response plan. But risk management is a strong factor in investment decisions.

To obtain a questionnaire, which must be completed by 11 June, email Janette O'Byrne at PFK at janette.obyrne@uk.pkf.com. This year, charities can also respond online at www.pkf.co.uk.

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