Your Business News
Risk governance in NPOs: Is your organization ready?
February 19, 2020
Authored by RSM Canada LLP
Tony McGregor, CPA, CA shared this article
RECORDED WEBCAST |
Strong risk governance and internal control practices can be a key component in building trust between external stakeholders and not-for-profit organizations (NPO), including charities and associations. Some organizations may shy away from implementing risk practices due to budget constraints without understanding the possible benefits or the severity of consequences. In fact, risks faced by NPOs can be different than those encountered by for-profit organizations, requiring non-profit CFOs and boards to develop a carefully balanced risk framework. Only in doing so, the organization will be in a better position to achieve its mission effectively.
RSM Canada’s Catharine Dutt, risk advisory partner, Joan Valente, NPO partner, and Cheryl Lemieux, CFO at CUPS Calgary Society spoke on:
- Understand general risk governance and internal controls principles
- Common risks within not-for-profit organizations
- Identify your NPO’s position in adopting a risk and controls framework, giving consideration to appropriate budgets
Call us at 1 855 363 3526 or fill out the form below and we'll contact you to discuss your specific situation.
Source: RSM Canada
Used with permission as a member of RSM Canada Alliance
RSM Canada Alliance provides its members with access to resources of RSM Canada Operations ULC, RSM Canada LLP and certain of their affiliates (“RSM Canada”). RSM Canada Alliance member firms are separate and independent businesses and legal entities that are responsible for their own acts and omissions, and each are separate and independent from RSM Canada. RSM Canada LLP is the Canadian member firm of RSM International, a global network of independent audit, tax and consulting firms. Members of RSM Canada Alliance have access to RSM International resources through RSM Canada but are not member firms of RSM International. Visit rsmcanada.com/aboutus for more information regarding RSM Canada and RSM International. The RSM trademark is used under license by RSM Canada. RSM Canada Alliance products and services are proprietary to RSM Canada.
FCR a proud member of RSM Canada Alliance, a premier affiliation of independent accounting and consulting firms across North America. RSM Canada Alliance provides our firm with access to resources of RSM, the leading provider of audit, tax and consulting services focused on the middle market. RSM Canada LLP is a licensed CPA firm and the Canadian member of RSM International, a global network of independent audit, tax and consulting firms with more than 43,000 people in over 120 countries.
Our membership in RSM Canada Alliance has elevated our capabilities in the marketplace, helping to differentiate our firm from the competition while allowing us to maintain our independence and entrepreneurial culture. We have access to a valuable peer network of like-sized firms as well as a broad range of tools, expertise, and technical resources.
For more information on how FCR can assist you, please call us at 1 855 363 3526