I have been working at my current employer for a year now, and my primary objective has been to catch them up on annual financial audits, to comply with the NWCCU accreditation standards on financial reporting (2.F.7). I am getting caught up on this matter, but the College has also been lacking on annual risk assessments, and I am turning my attention to this.
I see a Risk Assessment Standards Toolkit compiled by Crowe Horwath and NACUBO, it is a 79 page document with a 2009 date. Is this an updated toolkit? This as I was wondering because the GAO put out a revised Green Book back in September 2014, and I thought if we have a GAGAS audit, these Green Book Standards need to be incorporated into a risk assessment.
If this is not an updated toolkit that I can use, is there one available that someone could share with me that meets the requirements?
Thank you for any help.