OUR THOUGHTS ON:

Addressing and Implementing Risk Management

Not-for-Profit|Schneider Downs

By Veronica Bucci

Risk management. A common phrase, but what exactly does it mean? Not-for-profit organizations encounter unique issues when tackling the implementation of a risk management program. Some organizations may have the resources to have an individual or a team solely dedicated to risk management; other organizations delegate risk management duties among their staff.

Jim Yard, a Schneider Downs Internal Audit and Risk Advisory Shareholder, will be presenting, “Assessing the Effectiveness of Your Risk Management Program,” at Schneider Downs’ quarterly Not-for-Profit Breakfast Briefing on Tuesday, October 22 at the Rivers Club. The following will be discussed at the seminar:

  • Prioritizing and assessing your organization’s identified risk
  • Roles of the Board and Audit Committee
  • Best practices in initiating a risk management conversation and with whom
  • How not-for-profit organizations are addressing risk management
  • Identifying strategic risks in today’s environment
  • Implementing and executing an effective risk management program
  • Interplay between risk management, business processes and strategic plans

We’re adding a personal touch to our breakfast briefing. Schneider Downs developed a survey that we sent to our not-for-profit contacts in the region to gauge their efforts in identifying risk and implementing a risk management function. We will compile the responses prior to the seminar and use them as benchmarks for our attendees to assess where their own risk management efforts stand against responding organizations. There will be time for questions and discussion after the presentation.

Two CPE credits will be available for all attendees. If you would like to register for “Assessing the Effectiveness of Your Risk Management Program,” email Veronica Bucci or register at the following web link: https://www.schneiderdowns.com/nfp-risk-2013.

© 2013 Schneider Downs. All rights-reserved. All content on this site is property of Schneider Downs unless otherwise noted and should not be used without written permission.

This advice is not intended or written to be used for, and it cannot be used for, the purpose of avoiding any federal tax penalties that may be imposed, or for promoting, marketing or recommending to another person, any tax related matter.

 

You’ve heard our thoughts… We’d like to hear yours

The Schneider Downs Our Thoughts On blog exists to create a dialogue on issues that are important to organizations and individuals. While we enjoy sharing our ideas and insights, we’re especially interested in what you may have to say. If you have a question or a comment about this article – or any article from the Our Thoughts On blog – we hope you’ll share it with us. After all, a dialogue is an exchange of ideas, and we’d like to hear from you. Email us at contactSD@schneiderdowns.com.

Material discussed is meant for informational purposes only, and it is not to be construed as investment, tax, or legal advice. Please note that individual situations can vary. Therefore, this information should be relied upon when coordinated with individual professional advice.

© 2018 Schneider Downs. All rights-reserved. All content on this site is property of Schneider Downs unless otherwise noted and should not be used without written permission.

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