This flyer outlines the value that Enterprise Risk Management (ERM) can provide to government leaders.
Enterprise Risk Channel Submission Form (IRS Sample)
The Enterprise Risk Channel provides a mechanism for employees to send potential risks to the Office of the Chief Risk Officer on a confidential basis. This sample form has been provided by the IRS.
Getting Ahead of Risks Before They Become Government Failures
An Imperative for Agency Leaders to Embrace Enterprise Risk Management
Several recent reports and studies have detailed a range of worsening trends and developments that are creating an increased risk for significant government failure. Many of the reports offer recommendations for action by Congress and the Administration. However, they do not go as far to suggest and recognize what agency leaders can do, and in many cases are doing, to help address these challenges. This paper, from the Senior Executives Association (SEA) and the Association for Federal Enterprise Risk Management (AFERM), aims to highlight how agency leaders can use enterprise risk management to reduce the risk of government failure while increasing the likelihood for the successful delivery of agency missions.
Summary of April 2018 ERM Workshop: Beyond Compliance, Driving Organizational Value
On April 16, 2018, the Association of Government Accountants (AGA) and the Association for Federal Enterprise Risk Management (AFERM) held the second annual enterprise risk management (ERM) workshop with federal government professionals. This workshop provided an opportunity for over 150 professionals to hear ERM thought leadership from senior government leaders and discuss with their colleagues how ERM can, and is, driving organizational value and enhancing performance. This summary report shares the information discussed during this workshop.
Agency Risk Profiles, ICOR and OMB Circular A-11
“Risk Appetite” Statement – USAID (June 2018)
CFOC: DATA Act of 2014 – “Data Quality Playbook”
Lessons Learned the Hard Way: Enterprise Risk Management, Public Trust and the IRS
This article, reproduced with the permission of the Association of Government Accountants, discusses how Enterprise Risk Management has helped one federal agency recover from crisis and rebuild public trust.
DownloadSUMMARY OF JUNE 2017 ERM WORKSHOP: BEYOND COMPLIANCE, DRIVING ORGANIZATIONAL VALUE
In June 2017, AFERM partnered with AGA to present the 2017 ERM Workshop: Beyond Compliance, Driving Organizational Value. More than 150 federal professionals participated in this forum, to share progress and best practices related to using ERM to drive organizational value. This summary report shares the information discussed during this workshop.
OMB Circular A-123, Appendix A (June 6, 2018)
Grounded in the President’s Management Agenda, this guidance will:
• Provide agencies the discretion needed to use Enterprise Risk Management and take a risk-based approach to internal controls over reporting;
• Eliminate over 100+ pages of burden and obsolete, overly prescriptive guidance to agencies; and,
• Supersede previous OMB guidance that may have provided a confusing foundation for audit criteria externally.