One: Risks related to Key Statutory Returns Score Net Score ID Category Risk Title & Description Risk Owner P I O Existing Controls to Mitigate Risk P I O Possible Impacts - Immediate Longer Term Implications Assurance Over Risk Controls Action Owner & Review Action Review Date INSTITUTION WIDE STRATEGIC 14 Financial Operational Data management. University is ineffective with regard to data management leading to audit issues VC 3 3 Substantial Sanity groups review all data returns; maintain regular internal and external reviews 1 3 Tolerable Poor data quality could impact financially No additional concerns Data Assurance report Internal Audit SMG Bi-annually
Gross Score Net Score ID. Category Risk Title Risk Description Risk Owner P I O Existing Controls to Reduce Risk P I O Action Plan Action Action Review Date HESES Return This return is prospective. Inaccurate or incomplete data could lead to under-funding or over-funding and subsequent holdback. Poor forecasting could affect financial forecasts and undermine the planning process Corporate Officer 2 3 Moderate Data Assurance Policy. Error traps for data to ensure ongoing review of data. HESES review period and query analysis 1 3 Tolerable Return must be submitted by the deadline. Accurate forecasting with outturn that does not affect funding contract. Accuracy of data confirmed by periodic external HESES audit or internal audit SMG Annual HESA – Student This return is retrospective. Inaccurate or incomplete data could lead to under-funding or over-funding and subsequent holdback Corporate Officer 2 3 Moderate Data Assurance Policy. Error traps for data to ensure ongoing review of data. HESA review period and query analysis 1 3 Tolerable Return must be submitted by deadline. Reduce unknown values year on year. Accuracy of data confirmed by periodic external HESA audit or internal audit SMG Annual
HESA – Staff This is a prospective return. Inaccurate or incomplete data affects League Table position Director of HR 1 3 Tolerable Data Assurance Policy. Ongoing review processes. 1 3 Tolerable Return must be submitted by deadline. Accuracy of data confirmed by HESA Audit Resources Annual NCTL Census This is a prospective return. Inaccurate or incomplete data could lead to under-funding or over-funding and subsequent holdback. Poor forecasting could affect financial forecasts and undermine the planning process Corporate Officer 2 3 Moderate Data Assurance Policy. Error traps for data to ensure ongoing review of data. NCTL review period and query analysis 1 3 Tolerable Return must be submitted by deadline. Accuracy of data confirmed by annual NCTL Audit Resources Annual DLHE This is a retrospective return. Inaccurate or incomplete data affects League Table position VC 2 3 Moderate Data Assurance Policy. Ongoing review processes. Internal review 1 3 Tolerable Return must be submitted by deadline. Accuracy of data confirmed by internal review Academic Board Annual EMS This is a retrospective return. Inaccurate or incomplete data affects League position and funding for capital projects Head of Finance & Facilities 1 3 Tolerable Data Assurance Policy. Ongoing review processes. Subject to HEFCE Annual Review 1 3 Tolerable Return must be submitted by headline. Accuracy of data will be confirmed by HEFCE Annual Review Resources Annual
AMS This is a retrospective return which requires the Board to signal their overall assurance in respect of University activity. VC 1 3 Tolerable Data Assurance Policy. HEFCE review 1 3 Tolerable Return must be submitted by deadline. review SMG Annual