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6/24/25 Bi-Weekly Newsletter

Wednesday, June 25, 2025   (0 Comments)
Posted by: Vince Lungaro
AFERM Newsletter: Events, Headlines, and More!
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Join Us At The 2025 AFERM Virtual Summit

Registration is now open for the 2025 AFERM Virtual Summit, the premier event for federal enterprise risk management professionals.

This year’s Virtual Summit, which will take place October 21-22, 2025, promises to deliver unparalleled insights, networking opportunities, and professional development tailored to the evolving landscape of risk management.

Join your fellow ERM practitioners at the 2025 Virtual Summit to explore this year's theme: “Mission Possible: Unlocking the Future of Enterprise Risk Management.”

Register by September 21 to get the Early Bird Rates!

  • AFERM Member Early Bird: $250
  • Non-Member Early Bird: $395

We also invite you to share your enterprise risk management knowledge and expertise by becoming a session speaker or workshop facilitator at the Virtual Summit.

This is a terrific opportunity to help advance the practice of ERM in the government. Join other distinguished leaders in shaping the ERM conversation by sharing your experience and insights to the federal ERM community.  

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Submit Your Nominations For The
AFERM ERM Awards For Government

Nominations are open for the 2025 AFERM ERM Awards for Government. Organizations can self-nominate for one or both awards:   

  • ERM Luminary Award – for a government entity that has achieved an advanced level of ERM maturity and demonstrates a sustained and broad range of accomplishment in the implementation and application of enterprise risk management to organizational processes and practices. 
  • ERM Notable Achievement Award – for a government entity that has accomplished a significant and noteworthy achievement in establishing an ERM program over the past year or that has achieved impressive growth in the development of a previously established ERM program, as reflected in improved organizational processes and practices.  

Submit your nomination by Friday, August 15, 2025

ERM Luminary Award
ERM Notable Achievement Award

Register To Attend the
AGA/AFERM ERM Workshop

Wednesday, January 14, 2026 | 8:30 a.m. - 3:45 p.m. ET

The AGA/AFERM ERM Workshop has been rescheduled to now happen virtually in January 2026. The workshop provides participants with practical insight from Enterprise Risk Management (ERM) leaders.

The workshop includes presentations as well as facilitated table discussions, where we move from academic discussions to "how-to" explanations and examples. The small, facilitated groups enhances opportunities for both hands-on work and Q&A.

Learn More & Register

Latest ERM News

Federal Green Book UpdateThe U.S. Government Accountability Office (GAO) has updated its Standards for Internal Control within the Federal Government. Also known as the ‘Green Book’, the document sets the standards for effective internal controls for federal agencies.  The 2025 Green Book focuses on strengthening internal controls and accountability within federal agencies and emphasizes addressing risks related to fraud, improper payments and information security. The 2025 Green Book includes two appendices which provide examples of preventive and detective controls as well as additional resources related to control activities, along with examples and additional resources that management can leverage to design, implement, and operate effective internal controls to address risks, including areas related to fraud, improper payments and information security. The updated Green Book requirements are effective starting FY 2026 and early implementation is allowed. Read more.

Top Risks for Government and Public Sector in 2025: An article published by EY which discusses top risks that public sector organizations are facing in 2025. These require an integrated approach within government agencies that would better enable them to anticipate challenges and respond swiftly to changing circumstances. Some of the top risks and their related mitigation strategies discussed are as follows: high levels of global public debt, weak or unsustainable public growth, labor shortages, deficient digital capacity and cybersecurity, new geopolitical landscapes, limited supply chain visibility, climate risks, and insufficient government responses to global shocks and constituent needs. The article argues that investing in integrated risk management will enable government agencies to better anticipate and mitigate potential threats more effectively, help build public trust and demonstrate their value. Read more

Top Risks in Higher Education: This perspective article from Deloitte discusses how an enterprise approach can help universities and educational institutions to proactively identify and be better prepared to mitigate top risks in higher education.  Instead of the traditional silo-ed methods of risk management,  many higher education institutions are realizing that their risk portfolios are interconnected.  To mitigate these risks effectively, these organizations not only need greater visibility, but also the governance, data, processes and culture.  The article suggests five broad risk categories that higher education institutions have to manage: business model risks, reputational risks, operating model risks, enrollment supply, and compliance risks.  As higher education continues to rapidly evolve and new risks emerge, it is imperative to accept than one single institution will not be able to manage these risks by themselves alone.  Therefore, to embrace the challenges of the future, university community has to come together and manage risks more holistically. Read more

Join or Renew Your AFERM Membership

AFERM is the premier professional community for government ERM practitioners. Here are just a few of the benefits that your AFERM membership gives you year-round:

  • Access to our online resource library with over 100 contributed artifacts
  • Risk Chats” – the official AFERM podcast
  • Educational workshops for ongoing professional development
  • Virtual and physical communities through our forums, communities of practice, and book club
  • Discount on the annual AFERM Summit
  • The latest news and info in ERM.
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