AuditCore Feature

NDIS-Aligned Business Risk Management

Identify, rate and manage every business risk - financial, operational, compliance and strategic - formatted exactly as NDIS auditors expect under Practice Standard 2.

01WHAT IT IS

What is Business Risk Register?

The Business Risk Register is AuditCore's centralised risk management tool for NDIS providers — covering all risk categories required under Practice Standard 2.1.1: financial, operational, compliance, strategic, and reputational risks. Each risk is assessed using the standard 5x5 likelihood-consequence matrix, automatically rated as Extreme, High, Medium, or Low, and assigned to a responsible person with documented controls and a treatment action plan. The register maintains a full history of every risk review — so auditors can see not just your current risk ratings, but how risks have changed over time and what actions have been taken to manage them.

02WHY IT MATTERS

Why It Matters

NDIS Practice Standard 2.1.1 requires registered providers to maintain a documented risk management framework that identifies organisational risks, assesses them using a risk matrix, and documents mitigation strategies and treatment actions. Auditors expect a populated, actively-reviewed risk register — not a blank template. Providers who present an empty register or one that has never been updated since initial registration almost always receive an immediate non-conformance in this area. For re-registration audits, auditors also expect to see evidence that risks identified in the previous registration period have been managed and closed — which requires a historical record.

03HOW IT WORKS

How AuditCore Helps

Add each organisational risk with category, description, likelihood rating (1-5), and consequence rating (1-5). AuditCore calculates the overall risk level using the standard matrix and assigns it a colour-coded rating. Set a responsible person, document your existing controls, create a treatment action with a due date, and save. As treatment actions are completed, update the risk status — the register maintains a full history. At review time, AuditCore sends a reminder and generates a review draft from the current risk data. Export to Excel for your board's risk committee report or your auditor's review — formatted exactly as auditors expect, with risk ratings, controls, treatment status, and review history included.

What's Included

Everything you need

14 features
5x5 risk matrix with auto-calculated overall risk rating
Risk categories: Financial, Operational, Compliance, Strategic, Reputational
Risk levels: Extreme / High / Medium / Low with colour coding
Control documentation for each identified risk
Treatment action plan with responsible person and due date
Treatment status tracking — Open, In Progress, Closed
Review history maintained for every risk — full audit trail
Excel export formatted for board risk committee and NDIS auditor
Import risks from Excel template for bulk setup
Overdue treatment actions flagged on compliance dashboard
Linked to CI Register — treated risks auto-generate improvement entries
Risk trend analysis — see how your risk profile changes over time
Pre-loaded common NDIS provider risks to accelerate setup
Meets NDIS Practice Standard 2.1.1 risk management requirements
FAQ

Frequently asked questions

Can't find what you're looking for? Talk to our team →

AuditCore covers all five risk categories required under NDIS Practice Standard 2: Financial (cash flow, funding dependency, fraud), Operational (staffing, service delivery, technology), Compliance (regulatory, audit, legislative), Strategic (market, governance, growth), and Reputational (participant complaints, media, Commission action).

Resources

Related Compliance Guides

Deeper reading on the compliance areas this feature covers

Other AuditCore Features

Everything you need to stay audit-ready

Ready to stay audit-ready?

Join 50+ Australian NDIS providers who use AuditCore to manage compliance, eliminate manual work, and pass every audit.

Book Your Free Demo