AM25: Financial Risk Assessments and Outsourced Internal Audit

Live Event: 07/28/2025 at 2:45 PM (EDT)

Only available as part of a package

In this session, you will learn how one institution conducted an interactive financial risk assessment with senior leadership using a widely accepted risk matrix. The presenters will guide you through the process of generating a risk heat map for review with key internal and board stakeholders, using the heat map to develop an internal audit plan, and determining whether to outsource the audit plan to outside consultants. You’ll walk away with a real-world example of how this approach has been used in response to the departure of internal audit staff.

Learning Objectives

Identify the tools available to perform a financial risk assessment of your organization.
Recognize how a risk heat map can provide a pictorial view of the financial risks affecting your institution.
Determine how to respond to identified financial risks, including developing an internal audit plan to mitigate key risks.

CPE Available: 1.5 Credits in TBD

Each individual must register and attend separately to earn credit.

NACUBO is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website www.nasbaregistry.org

Event Information

Level: Intermediate
Prerequisites: Minimum 1-2 years of experience as a professional in higher education or a related private industry.
Advanced Preparation: None
Delivery Mode: Group internet based
Field of Study: TBD
Length: 75 minutes

Steps to Earn CPE Credit

You can only earn credit for attending the session live. CPE credit cannot be earned for watching the recordings.

To earn CPE credit, you will complete the following tasks under the Content tab, after the session has ended:

Pass the CPE codeword quiz. Write down the codewords posted in the Zoom chat at random times throughout the session and complete the quiz at the end of the session.
Submit the CPE check-out code displayed at the end of the session.
Download your CPE certificate.

You have until 5 pm Eastern Time on Wednesday, July 30, to complete these three steps or report technology issues with this site to online@nacubo.org.

For more detailed instructions, review the CPE Instructions page.

Nate Kane

Senior Vice President for Finance

Iona University

Ken Glascock

Consultant

NACUBO

Kenneth L. Glascock is a seasoned leader with extensive experience in audit, compliance, and financial services. He most recently served as the chief audit, ethics, and equity officer at New Mexico State University, where he oversaw system-wide audits, risk assessments, and ethics investigations, with a focus on enhancing Title IX and ADA office functions.

Glascock holds a Juris Doctor from the University of Utah S.J. Quinney College of Law and an MBA with a finance concentration from the University of Texas at Dallas. He also earned a B.S. in finance from the University of Colorado. His impressive array of certifications includes CPA, Certified Internal Auditor (CIA), Certified Financial Services Auditor (CFSA), and Certified Regulatory Compliance Manager (CRCM).

Throughout his career, he has held leadership roles at major institutions like USAA Bank, Santander Consumer USA, and Beal Bank USA, where he directed teams in audit validation, regulatory compliance, and risk management. His experience spans a wide range of sectors, including banking, consumer lending, and metals mining.

Marc A. Mathews

Consultant

NACUBO

Marc Mathews leads NACUBO Consulting's Financial Risk and Audit practice, bringing over four decades of financial and accounting expertise, including 20 years as chief financial officer for both public and private higher education institutions. His vast experience spans financial operations, risk management, internal control, and endowment management, making him a trusted leader in navigating complex fiscal landscapes within higher education.