62 Virtual Brochure – March 2025 Commentary on selected risk areas While our analysis of risk registers shows a risk landscape broadly similar to 2023, delving into the detail identifies some notable changes in how risks are conceptualised and perceived and in the extent of institutions’ confidence in their mitigation and management approaches. In this section we offer an in-depth consideration of the four risk themes which between them appear on most risk registers and which have the highest residual risk scores: financial sustainability; student recruitment; cybersecurity; and estates infrastructure. For each area we set out how we see institutions describing risks and common approaches to mitigation, provide a commentary about the risk area and suggest some considerations for audit committees and governing bodies. Page 13
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