Page 13 - Risk Management

Why should I engage in risk

management?

 A recent article, “Increasing Risk Awareness for Mission Critical

Objectives of Nonprofit Organizations”, published by the America

Institute of Certified Public Accountants (AICPA), states, “…greater

risk awareness is becoming an expected best practice in overall

governance of an organization. Knowing that organizations,

including not-for-profits, must assume risks if they want to further their

mission, executives are now seeing the strategic value of being

more informed about those risks that might positively or negatively

affect their mission goals and objectives.”

 Relying on compliance with legislation and regulation leaves

companies vulnerable.