A dynamic and iterative process for identifying risks to achieving agency objectives, analyzing the risks, and using that information to decide how to respond to risks.

The possibility that an event will occur and affect the achievement of objectives.

A process effected by those charged with governance, management, and other employees, designed to provide reasonable assurance regarding the achievement of the entity’s objectives relating to operations, reporting, and compliance.

A Customer is an individual, business, or another governmental entity (federal, state, county, city, etc.) that owes the State for any goods, services, fees, taxes, licenses, or citations/infractions billed by the State.

An entity selling a good or service to the State. Suppliers include, but are not limited to, retail businesses, consultants, contractors, manufacturers, and credit card companies. A supplier may be an individual, corporation, partnership, non-profit organization, tax exempt organization, Individuals with lived experience, caregivers for vulnerable individuals, trust, federal government or federal agency, local government or local agency, another state or another state agency, a Washington state agency, or Indian nation.

The accounting convention which determines: (1) which assets and which liabilities are included on the governmental unit's balance sheet; and (2) whether its operating statement presents "financial flow" information (revenue and expenditures) or "capital maintenance" information (revenues and expenses). Refer to Current Financial Resources Measurement Focus and Economic Resources Measurement Focus.

Used to account for resources held by the state in a purely custodial capacity for other governments, private organizations or individuals that are not required to be reported in pension (and other employee benefit) trust funds, investment trust funds, or private-purpose trust funds.

Used to report trust arrangements, other than pension funds or investment trusts funds, under which principal and income benefit individuals, private organizations, or other governments. The resources held under these arrangements are not available to support the government’s own programs.

Used to report the external portion of investment pools reported by the sponsoring government.

Used to report resources that are required to be held in trust by the state for the members and beneficiaries of defined benefit pension plans, defined contribution pension plans, other post employment benefit plans, or other employee benefit plans.