How to Manage COVID-19-Related Business Risks
The coronavirus (COVID-19) outbreak has had a crippling effect on the global economy. This is clearly uncharted territory. As millions around the globe do their best to minimize their exposure to the virus, business owners and managers face an uncertain and stressful future. Faced with faltering demand, anxious employees, health safety risks and a lack…
Successful Nonprofit Cybersecurity & Privacy for Remote Work
As a result of social distancing to slow the spread of COVID-19 (coronavirus), nonprofits are more reliant on technology than ever before to deliver on their mission through remote work. Measures to control and prevent the spread of the disease have increased the need for the integration of digital technology into all aspects of the…
Business Continuity Planning
Business Continuity Planning Provides Organizational Resilience Unplanned disruptions can adversely affect the operations of any organization, no matter the size, putting it and its stakeholders at significant risk. Fortunately, strategic investments and scenario planning can give your organization a competitive advantage over those who are unprepared for a variety of contingencies. Business Continuity Plans (BCP)…
Continuity of Operations Considerations for Nonprofits during a Pandemic
Business Continuity Plans (BCP) are important part of risk management and can include scenarios such as pandemics like the coronavirus, government shutdowns, natural disasters and cyberattacks. Risk management planning for a pandemic involves identifying risks and assessing the impact and developing mitigation strategies to manage risks. If your nonprofit does not have a plan in…
Digital Transformation for Nonprofits
Digital technology is changing the way organizations operate. In 2020, digital disruption offers a number of benefits, but the risk associated with transformation is real and addressing that risk should be a top priority on your Enterprise Risk Management plan. The good news? With careful planning and coordination, nonprofit and association leaders can take action…
GRF Named a 2019 All Star Specialized Niche Firm By INSIDE Public Accounting
GRF was named to INSIDE Public Accounting’s (IPA) 2019 All Stars Specialized Niche Firms in recognition of the firm’s robust nonprofit practice that includes accounting, assurance, tax and advisory services. In its January 2020 IPA newsletter, IPA recognized firms that derive a higher percentage of their revenue from specialty practices than all other participating firms….
GRF’s Mac Lillard Earns Certified in Risk and Information Systems Control (CRISC) Designation
GRF Risk & Advisory Services Supervisor, Mackenzie (Mac) Lillard has earned the Certified in Risk and Information Systems Control (CRISC) designation. This qualification is awarded by ISACA® to IT professionals who identify and manage risks through the development, implementation and maintenance of information systems (IS) controls. Candidates must have at least three years of relevant…
To Compensate or Not to Compensate Nonprofit Board Members
Many nonprofit directors serve on boards for altruistic reasons. But it can be a huge commitment and the issue of compensation often comes up. Compensating nonprofit board members is rare. One survey suggested that just 2% of organizations pay their directors. Another study found that 96% of nonprofit boards are voluntary. Survey results and anecdotal…
Elements of Successful Nonprofit Cybersecurity
Nonprofits are more reliant on technology than ever before to deliver on their mission. The integration of digital technology into all aspects of the organization, or digital transformation, provides a number of new opportunities, but it also provides the possibility for additional security issues. Not only are there more ways to be attacked than ever…
The Bow Tie Method Addresses Risk Holistically
By Jay Mui, PMP, MBA | Supervisor, Risk & Advisory Services Well if you are being literal, 17th century Croatian mercenaries would use a scarf to hold together the openings at the neck of their shirts. King Louis XIII, a great employer of these mercenaries, so enjoyed and promoted this look that it soon became…