A framework designed to raise a consistent "risk and control consciousness" throughout an enterprise needs to become a commonly accepted model for discussing and evaluating the organization's risk management processes. Grantees and delegate agencies can benefit from using this model to evaluate their organization's risk management processes.
This resource discusses and provides examples of possible financial risk that a nonprofit organization may encounter. Nonprofit grantees may find this resource useful in identifying potential risks within their organization. The risks in financial management are any actions that result in the reduction in value or loss of any of the organization's financial assets.
A More Comprehensive Risk Management Strategy and Data Improvements Could Further Strengthen Program Oversight
This report is a follow up to the 2005 report regarding Administration for Children and Families (ACF) oversight and monitoring of Head Start grantees. Grantees will find this report useful in determining if progress was made and what additional work is needed to strengthen their performance. Policymakers have raised new concerns about the scope of changes made by ACF and whether the changes are improving the performance of Head Start grantees.