FOR IMMEDIATE RELEASE
 
New Guide Walks Agencies Through Enterprise Risk Management Implementation
 
(WASHINGTON, D.C., FEBRUARY 16, 2017) — AGA and CliftonLarsonAllen released a report, “An Agency Guide for ERM Implementation,” designed to guide agencies through the process of successfully implementing enterprise risk management (ERM). The report was released at AGA’s annual National Leadership Training in Washington, which focuses on best practices in government financial management and leadership.
 
Lapsed or inadequate risk management procedures have caused government agencies reputational crises in recent years, which ERM aims to combat or minimize by taking a comprehensive look at an agency’s structure and culture, and encouraging leaders across departments to collaborate to identify the biggest and most urgent risks. ERM encourages a culture of openness about risks, rather than one that silences any discussion of risks.
 
The report identifies five questions agencies should ask when successfully establishing ERM:
 
  • To what extent does top agency leadership support implementation of ERM?
  • To what extent do the agency’s business heads consider themselves an integrated management team concerned about risks to the entire agency rather than just focusing on risks to their individual units?
  • Where can constituencies to support ERM be built and strengthened?
  • What are the major risks facing the agency? How urgent is it to address them?
  • How can ERM show its value early to agency leaders and stakeholders?
 
“During the last 10 months, I’ve been asked to speak about ERM at many of our AGA chapter educational gatherings nationwide,” said Ann M. Ebberts, AGA CEO.  “What I’ve learned from participants is that agencies at all levels of government are looking for approaches to better communicate about, and manage, risks to mission delivery. I was told that ERM is being looked at as one approach — but not much is widely understood about ERM or how to start. This guide provides some no-nonsense context for ERM. Whereas this guide was initially intended to complement the ERM Playbook developed by the federal Chief Financial Officers Council and Performance Improvement Council, the resulting document applies to all levels of government.”  

“CLA is excited to have partnered with AGA in this ERM guide and research for agencies to use as they develop roadmaps and communications concerning enterprise risks within their organizations.” said Doreen Shute, Managing Principal, Federal Services, CliftonLarsonAllen.

About AGA: AGA is the member organization for financial professionals in government. We lead and encourage change that benefits our field and all citizens. Our networking events, professional certification, publications and ongoing education help members build their skills and advance their careers. 

About CliftonLarsonAllen: CliftonLarsonAllen LLP (CLA) is a professional services firm delivering integrated public accounting, outsourcing, and wealth advisory capabilities to help enhance our clients’ enterprise value. With more than 300 professionals and contractors dedicated to serving federal agencies and related entities, CLA provides audit, financial management, information technology, outsourcing and organizational risk solutions to many clients nationwide. Our professionals serve the federal community through active involvement in trade and professional organizations, such as the Association of Government Accountants in both local and national federal leadership positions, and by developing long-term relationships with our clients.  For more information visit CLAconnect.com/FederalGovernment

For More Information:
Anna Schumann | Communications and Marketing Manager
800.AGA.7211, ext. 308 | aschumann@agacgfm.org