Risky Business: Why All Nonprofits Should Periodically Assess Their Risk

Risky Business: Why All Nonprofits Should Periodically Assess Their Risk - NPQ – Nonprofit Quarterly - Promoting an active an engaged democracy.: Most nonprofit organizations will share the same type of broad risks that can be generally described as follows:

• Internal or external fraud
• Misuse of assets
• Inadequate monitoring or understanding of investments
• Incomplete, unreliable or improperly reported information
• Damage to reputation caused by a variety of potential factors
• Violation of legal requirements
• Government investigations or audits

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