The Tanzania Revenue Authority (TRA) has rolled out its first Enterprise -wide Risk Management Policy and Framework (ERMF), East African Business Week reports. ERMF aims to provide scope and guidance in setting priorities and decision making at corporate, departmental and regional levels, as well as to build a risk-smart workforce and environment.
The framework also seeks to maximize government revenue by reducing risks in the areas of identifying potential taxpayers, assessing, collecting and accounting of taxes. ERM Policy’s risks include those of strategic, compliance, information and communication technology as well as operational risks.
Click here for the story from East African Business Week.