Risk Management for Government Entities
Author: Robert K Minniti
| CPE Credit: |
2 hours for CPAs |
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.
Publication Date: September 2024
Topics Covered
- Government Risk Assessments
- Risk Management
Learning Objectives
- Identify basic strategies for risk management in government entities
- Identify risk assessment procedures
- Identify a component of the COSO Framework for Internal Control
- Identify who is responsible for internal controls in an organization
- Identify what is not a cybersecurity risk for an organization
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Accounting (Governmental) (2 hours)
Program Prerequisites
None
Advance Preparation
None
