Government Risk Assessments
Author: Robert K Minniti
| CPE Credit: |
2 hours for CPAs |
This course is designed for individuals who would like to obtain a basic understanding of the risk government entities face. One question that every government organization has to answer is “What can go wrong?”. Risks can come from employee errors, fraud, natural disasters, or other sources. How does a government 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 government entity may face from those risks?
Publication Date: September 2022
Designed For
CPAs, CMAs, MAFFs, CGMAs, CFEs, internal auditors, CIAs, external auditors, managers, CFOs and others responsible for risk management or internal controls for government entities.
Topics Covered
- Risk
- Enterprise Risk Management
- COSO Enterprise Risk Management
- Risk Management
- Benefits of an Effective Risk Management Plan
- ERM Framework
- Identifying Risks
- Identifying the Severity Risks
- Types of Risks
Learning Objectives
- Identify basic strategies for risk assessment
- Identify basic strategies for risk management for government entities
- Identify a component of the COSO Framework for Internal Control
- Identify what is not a way to mitigate risks
- Identify what is not an example of a fraud risk
- Identify which type of risk would not be mitigated with internal controls
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Accounting (Governmental) (2 hours)
Program Prerequisites
None
Advance Preparation
None
