System Business Officers

Risk Assessment Standards Toolkit

  • 1.  Risk Assessment Standards Toolkit

    Posted 09-05-2018 06:27 PM

    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.

    Cliff Frederickson, CPA
    Director of Financial Services
    Tacoma Community College