State leaders and managers are responsible for establishing and achieving goals and objectives, seizing opportunities to improve effectiveness and efficiency of operations, providing reliable reporting, and maintaining compliance with relevant laws and regulations. That’s why it is so important to invest in Enterprise Risk Management (ERM), a strategic business discipline that supports the achievement of an organization’s objectives by addressing the full spectrum of an organization’s risks, including challenges and opportunities, and integrating them into a single interrelated framework. ERM helps management achieve the organization’s goals and objectives by effectively identifying, assessing, responding to, and reporting on risks and opportunities. The primary objective of this website is to provide guidance and a set of tools that may be used by state agencies and departments in their efforts to integrate risk management and internal control activities as an integral aspect of their mission.
Reminder: The New 2017 Annual Reporting Guidelines are effective for the Annual Reporting due no later than December 31, 2017.