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.