Risk Management for Government Entities

One question that every organization has to answer is “What can go wrong”. Risks can come from employee errors, fraud, natural disasters, or other sources. How does an organization identify risk and determine their risk appetite? Not all risks can be eliminated so how do we mitigate the negative effects of those risks. How do we manage risks to reduce the consequences the company may face from those risks? How has the COVID-19 pandemic altered risk management. Have you considered labor risks, environmental risks, cash flow risks, regulatory risks, etc. This course will specifically concentrate on risks to governments.

Topics Covered

• Types of Risk
• Severity of Risks
• Risk Appetite
• Risk Assessments
• Risk Management

Learning Objectives

• Identify basic strategies for risk management
• Identify risk assessment procedures

Level
Basic

Instructional Method
Group: Internet-based

NASBA Field of Study
Accounting (Governmental) (2 hours)

Program Prerequisites
None

Advance Preparation
None