CPE Self-Study

Applying the COSO Enterprise Risk Management Framework: Not-for-Profit Governance and Assurance

  • $69.00-$89.00
    Applying the COSO Enterprise Risk Management Framework: Not-for-Profit Governance and Assurance Availability : Online Access Product #: 165435
    AICPA Member: $69.00
    Non-Member: $89.00
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    Contact a representative for group pricing. 800.634.6780 (Option 1) | Contact Us Product #: GT-NFP2-GRA5

This video-based CPE course is included in Not-for-Profit Certificate II. It can be purchased individually or as a part of the Not-for-Profit Certificate II - Financial Reporting track.

How does your not-for-profit (NFP) ensure stewardship for funds received and accountability to constituents? Do you consider potential challenges or weaknesses - both operational and organizational - that could lead to negative consequences? Risk management is a continuous process. Failure to effectively consider and respond to risks could lead to lost revenue, increased costs, a tarnished reputation, and a decrease in constituents' perceived value of services. Not only is risk management an essential element of good governance, but it also informs the strategic planning process to keep an NFP on a path to mission success.

In this CPE course, you will learn how to apply risk management techniques using the COSO Enterprise Risk Management (ERM) framework to create a strategy and an internal control structure tailored for the NFP environment. This course contains step-by-step examples and case studies to help you create a scalable risk management structure for any NFP.

Topics Discussed

  • Assessing risks
  • Risk heat maps
  • Executing risk response strategy
  • Designing internal controls
  • Organizational communications
  • Monitoring outcomes
  • Application of COSO ERM for small NFPs

Learning Objectives

  • Apply the COSO ERM framework to improve decision making to accomplish your NFP's mission
  • Identify risk response strategies
  • Develop a reasonable risk management strategy


Not-for-Profit Section Members Save an Additional $10:

When you log into this website with your AICPA member user account, the section/credential discount will be automatically applied during checkout. Should you have any questions or encounter any issues, please contact the AICPA Service Center at 888-777-7077 or service@aicpa.org.

Find out more information on the NFP Section.

System Requirements

About the Authors

Audrey L. Newton, CPA, Partner, Johnson Lambert LLP

Johnson Lambert LLP

About the Publisher

American Institute of CPAs

The American Institute of CPAs (AICPA) is the world’s largest member association representing the CPA profession, with more than 418,000 members in 143 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting.

The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialized credentials for qualified professionals who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. With The Chartered Institute of Management Accountants (CIMA), it offers the Chartered Global Management Accountant (CGMA) designation, which sets the global benchmark for quality and recognition in management accounting.

The AICPA and CIMA also make up the Association of International Certified Professional Accountants (the Association), which represents public and management accounting globally, advocating on behalf the public interest and advancing the quality, competency and employability of CPAs, CGMAs and other accounting and finance professionals worldwide.

The AICPA maintains offices in New York, Washington, DC, Durham, NC, and Ewing, NJ.