Question asked by Latreece Wade

AFERM EXPERTS SAY...

Wade,

OMB A-123 update of July 15, 2016 required ERM to be implemented at all executive agencies, regardless of size. How robustly those agencies are implementing ERM is another question, and one that has not been authoritatively addressed to the best of my knowledge. There is an A-123 requirement, however, that ERM and internal controls be integrated by September 15, 2017. This is arguably the deadline for implementation of some meaningful level of ERM.

Regards,
Doug