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Biggest Stories in 2020 for Not-For-Profit Risk Management
Posted by Chrissy Hammond on Mon, Mar 2, 2020 @ 10:30 AM

No one wants to be surprised by a risk that suddenly becomes a reality. The risk landscape is constantly changing for not-for-profit organizations, so we set out to learn more about hot topics in risk management to help guide your 2020 risk planning.

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Topics: not-for-profit, NFP, risk, risk management, Not-For-Profit Risk Management, risk mitigation

Mapping the Risk Landscape for Not-For-Profits and Higher Ed
Posted by Chrissy Hammond on Thu, Nov 21, 2019 @ 08:00 AM

It is not possible for not-for-profit organizations and higher education institutions to prepare for all the risks they could face in the coming year. At some point, you have to make decisions about which risks have the highest chance of occurring or would have the highest monetary or operational impact if the risks happened.

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Topics: not-for-profit, NFP, risk, risk management, Not-For-Profit Risk Management, risk mitigation

3 Reasons Not-For-Profits Should Make ERM a Higher Priority This Year
Posted by Bart Kimmel on Thu, May 2, 2019 @ 08:17 AM

Your not-for-profit organization’s internal and external stakeholders are growing more sophisticated. They want to know that your not-for-profit is managed responsibly, meets its mission and that it is both efficient and resilient to its risks. Board members, employees, donors—and even to an extent, the public and the media—want to see how well your organization is being run.

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Topics: enterprise risk management, not-for-profit, NFP, risk management, Not-For-Profit Risk Management, ERM

Changing and Enhancing Not-For-Profit Risk Management
Posted by Mike Burns on Wed, May 25, 2016 @ 12:43 PM

Adapted with permission of The CPA Journal, Copyright © 2016, April, 2016.

Over the last several years, audit committees have fine-tuned their oversight relative to internal controls and financial reporting, but as this process has matured, many committees are asking broader questions about risk and risk oversight. In fact, audit committees are increasingly charged with understanding overall risks, assessing which risks are the most important, and making sure that the existing management and governance structures are designed to mitigate, manage, and oversee these risks. This evolution corresponds to changes in the not-for-profit risk environment as a whole.

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Topics: accounting, Non-profits, NFP, Mike Burns, risk management, The CPA Journal, Not-For-Profit Risk Management

Enhance Your Not-for-Profit’s Cybersecurity Strategy
Posted by Christopher Roach on Tue, Oct 20, 2015 @ 11:15 AM

Data breaches affect all organizations, from small not-for-profit organizations to large commercial retailers. Hackers do not discriminate. Should your organization fall victim to a cyber attack, the results could be devastating. The average cost of a data breach in 2014 was $3.5 million. Furthermore, threats to cybersecurity appear to be increasing both in quantity and in severity. Data breaches doubled from 2012 to 2013 and from 2013 to 2014, the average cost of data breaches went up by more than 15 percent.

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Topics: cybersecurity, risk management, Christopher Roach

Five Ways to Improve Governance and Risk Management Practices
Posted by Mike Burns on Tue, Aug 25, 2015 @ 10:40 AM

Over the last few years, we have seen some clear trends and evolving practices on governance and risk management. This summary will allow you to assess some best practices we have observed so you can evaluate ideas and opportunities for possible improvement or evolution within your own not-for-profit organization.

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Topics: Non-profits, NFP, Mike Burns, risk management, Governance

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