Certification

CPFO - Risk Assessment Outline

Finance officers must be able to identify, evaluate, and work to mitigate various financial risks that governments face. The Risk Assessment test for the CPFO program covers skills necessary for risk awareness, assessment, and management. Tests will cover skills and knowledge related to common risks that governments all face related to legal issues, internal controls, technology, property loss, employment issues, and general liability.

Risk Assessment Outline

SUB-TOPIC

DETAIL

PERCENTAGE WEIGHTING

Enterprise Risk Management

  • Risk Identification
  • Risk Assessment
  • Risk Response
  • Internal Controls (Fraud Prevention)

30%

Local Government Law and Compliance

  • Public Information/Records
  • Tort Liability

10%

Workplace/HR

  • Employment Law

10%

Business Continuity/Disaster Recovery

  • Natural Disaster
  • Disaster Preparedness
  • Disaster Response

15%

Insurance

  • Cyber Insurance
  • Contractor Issuance
  • Liability Insurance

15%

Information Technology

  • Cyber Security
  • Data Security
  • Cloud Services

20%

Resource Recommendations

GFOA recommends that CPFO candidate review the following materials to prepare for the exam.

GFOA Best Practices

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Publications

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Available Training

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Additional Web Resources

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Disclaimer

As the exam development process progresses for the seven new CPFO exams, some materials may be added to this reading list. Please check back regularly for updates to this document until the new exams are launched.

Please contact Eric Roach or email GFOA with questions.

Last Updated June 1, 2021