#196 – THE STATE OF CALIFORNIA’S RISK CATALOG – JAMES KLINE PH.D.

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aIMG_4231-150x150Introduction

In 2015, the California Legislature passed the State Leadership Accountability Act (SLAA).  The act updated previous legislation. The purpose of the update was to broaden the reporting requirements to operational and programmatic activities. It reemphasized the responsibility of management to establish and maintain effective systems of internal controls. It also set up bi-annual reporting requirements and included risk assessment as part of the internal controls.  To assist departments and agencies with the risk assessment, in 2017, the Department of Finance published the State Leadership Accountability Act Risk Catalog. Continue reading