Risk Assessment and Internal Controls: Not-for-Profit Governance and Assurance

Description

Some organizations give too low a priority to risk management because it is not perceived as urgent. When this is the case, risks can quickly develop into crises. At that point, it is too late to plan ahead, and the organization may not be able to handle situations in an optimal way. It is vital for all not-for-profit entities (NFPs) to have a risk management system designed for their size and complexity.

This CPE course provides an overview of risk assessment and internal controls for NFPs.

Learning Objectives
  1. When you complete this course, you will be able to:
  2. Identify the risks faced by NFPs, including those related to reputational risk and compliance risk
  3. Recall the concepts of internal controls as they relate to NFPs
  4. Recognize the concepts of Enterprise Risk Management
  5. Indicate how the COSO framework should be applied to NFPs
Major Topics
  1. Managing risk
  2. Risks unique to NFPs
  3. Enterprise Risk Management (ERM)
  4. COSO ERM framework
  5. Employing ERM in smaller NFPs
  6. Internal controls
  7. COSO Internal Control Framework
  8. How to design a system of internal control
  9. Conflicts of interest
CPE Field of Study
Business Management & Organization
2.0
Who Should Attend
CPAs, financial professionals and NFP board members involved with risk assessment and internal controls.
Course Level
Basic
Instructor(s)
Karen Craig
Prerequisites
None
Register Now
When
Available 24/7
Location
Online
Total CPE Credits
2.0
Format
On-Demand
Instructor
Karen Craig

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Risk Assessment and Internal Controls: Not-for-Profit Governance and Assurance


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