Risky business: assessing risks in your organization
What internal and external risks could impact your public sector organization, and what approach should you use to uncover and alleviate such risks?
A risk assessment is a great option for governmental entities to evaluate areas with the greatest needs and highest risks – and mitigate those risks through strengthening internal control, improving cybersecurity, focusing of resources and other planning.
Various organizational functions can perform risk assessments for different purposes such as internal audit plan development, systems/technology evaluation, fraud assessment and enterprise risk management. In general, similar tools and processes are used.
Baker Tilly’s on-demand webinar covers an overview of risk assessments and best practices for conducting a risk assessment. It also discusses right sizing the risk assessment process for your government entity, how to identify risks, how to assess risk likelihood and impact, and how to develop an action plan from your risk assessment results.
Learning objectives
- Identify the right risk assessment approach to fulfill their goals
- Understand best practices for conducting risk assessments
- Recognize available risk assessment tools and what constitutes efficient, effective use
Who should listen
This risk assessment on-demand webinar is intended for financial and management professionals who work in state and local governments, municipal utilities, public utility districts and tribal governments in these positions:
- Chief audit executives, internal auditor directors and managers, internal auditors
- Chief financial officers, finance directors, comptrollers and accountants
- Chief executive officers, general managers and assistant general managers
- City administrators, managers and assistants
- Members of governing bodies including board and council members and other elected officials
For more information on this topic, or to learn how Baker Tilly’s public sector advisory specialists can help, contact our team.
