Enterprise Risk Management for Nonprofits

Though Enterprise Risk Management (ERM) is a common practice in the for-profit industry, businesses and corporations are not the only entities that can benefit from its implementation. Scott Haumersen, CPA, CGMA believes that ERM should be an important part of every Not-for-Profit organization's strategic plan.

Not-for-Profits are faced with challenges and disruptive risk events that threaten their financial strength and sustainability. ERM provides a framework for proactively identifying potential risks and developing plans to manage and minimize their impact.
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