The good news is that it doesn’t need to be. Developing a risk strategy, including agreed-upon risk appetite and tolerance statements, is a good place to start. It’s also important to establish risk management procedures or protocols; provide staff training to ensure a consistent, base level of understanding; and regularly report on risks and responses.
Our risk management experts can guide you through the implementation of an ERM solution that will meet your organization's distinct needs—one that will empower your team to manage risk more simply, consistently, and effectively.
Already have an effective risk management framework? Let us help you get to the next level. We’ll work with you to implement a system that alleviates the drudgery of ERM tasks like request tracking, risk reporting, and assessment distribution. Free yourself to focus on the high-value tasks that will move your organization forward.
Risk appetite and tolerance statements help align individual and organizational tolerance for consistent risk response.READ MORE
Learn how to develop risk appetite and tolerance statements, who should be involved in drafting them, and tips for holding an effective workshop.READ MORE
FHB had a comprehensive understanding of GASB requirements and the process needed to build a compliant report. FHB was able to provide great suggestions as to format as well as ensure we were able to keep the spirit of the report we provided previously. (read more...)
The bonus for us was their (FHB's) knowledge and understanding of the internal processes municipalities experience during year-end preparations and the audit. This meant that we didn’t need to spend time explaining how we operate. (read more...)
They are recognized experts in both CaseWare and municipal reporting requirements. We value that experience and look to them for assistance developing best practices for our reporting cycles going forward. Our province has additional unique requirements. F.H. Black was familiar with these requirements and could help us meet them using CaseWare. (read more...)