The Committee of Sponsoring Organizations of the Treadway Commission (COSO) recently published new guidance on how companies can promote ‘risk appetite’ as part of decision-making. It is especially relevant in
Do you associate ERM with for-profit businesses? This systemic approach to risk reduction can be just as effective when adopted by non-profit organizations. Even organizations with limited resources can —
Non-profits that direct and benefit from the actions of their volunteers can be held accountable if those individuals are harmed or harm others on the job. Lawsuits involving volunteers often
Every year, your audit firm will conduct a fresh risk assessment before the start of fieldwork. Why? Because your auditor wants to mitigate the risk of expressing an incorrect opinion
Insurance is the cornerstone of any non-profit’s comprehensive risk management plan. It cannot protect your organization from every contingency, but it is critical to protecting the people, property, funds, and
