A 2017 Summit Presentation by J. Christopher Mihm, Managing Director, Strategic Issues, US Government Accountability Office.
Agency Risk Profiles, ICOR and OMB Circular A-11
A perspective piece from AFERM President Tom Brandt regarding the recent changes in OMB Circular A-11.
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Open in new tab “Risk Appetite” Statement – USAID (June 2018)
The purpose of the Risk Appetite Statement (hereinafter “Statement”) is to provide USAID (or “Agency”) staff with broad-based guidance on the amount and type of risk the Agency is willing to accept – based on an evaluation of opportunities and threats at an organizational level, and in key risk categories – to achieve the Agency’s mission and objectives. The Statement is a critical component in USAID’s overall effort to achieve effective Enterprise Risk Management (ERM), and the leadership of the Agency reviews and updates the Statement annually as the ERM program matures and needs evolve.
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CFOC: DATA Act of 2014 – “Data Quality Playbook”
Digital Accountability and Transparency Act of 2014 (DATA Act), and complying with OMB Memorandum M-18-16
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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.
SUMMARY 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.
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Example ERM Capability Model
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