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A risk management framework is a system that aims to match information and activity in order to operate a nonprofit for the maximum benefit of its constituents, lighten the load on heavily tasked staff, enable early warning of errors of commission and omission, and avoid investment related oversights.<\/p>\n
Our governance, risk management, and compliance (\u201cGRC\u201d) consultations are based on the\u00a0COSO framework<\/a>\u00a0and the fiduciary standards published in the\u00a0Stewardship<\/a><\/em><\/strong> Fiduciary Standards<\/a>Excellence<\/a><\/em> Guidelines for Endowments and Foundations<\/a><\/em><\/strong>.<\/p>\n COSO is recognized as the leading guidance for designing, implementing and conducting internal control and assessing its effectiveness.<\/p>\n The fiduciary standard was developed by a nonprofit industry task force whose mission achieved a compliance framework for the Uniform Prudent Management of Institutional Funds Act (\u201cUPMIFA\u201d).<\/p>\n Roland|Criss helps nonprofits achieve confident assurance with:<\/p>\n