What is the purpose of Air Force Regulation DAFI65-201?
The purpose of Air Force Regulation DAFI65-201 is to establish procedures for the Risk Management and Internal Control Program within the Air Force.

Who is responsible for implementing and maintaining the Risk Management and Internal Control Program?
The commander or accountable official at each level within the Air Force is responsible for implementing and maintaining the Risk Management and Internal Control Program.

What is the purpose of the risk management process?
The purpose of the risk management process is to assist the Air Force in identifying, assessing, and mitigating risks that could impact its mission and resources.

How often should risk assessments be conducted?
Risk assessments should be conducted annually and whenever there are significant changes to a unit's activities, mission, or environment.

How are risks classified in the Risk Management and Internal Control Program?
Risks are classified as either high, medium, or low based on the likelihood of occurrence and the severity of potential impact.

What is the role of the risk manager?
The risk manager is responsible for assisting commanders and designated personnel in implementing risk management processes and providing guidance on risk mitigation measures.

How should risk mitigation measures be prioritized?
Risk mitigation measures should be prioritized based on the level of risk reduction they would achieve and the available resources.

What is the purpose of internal controls?
The purpose of internal controls is to provide reasonable assurance that organizational objectives are achieved, resources are safeguarded, and compliance with applicable laws and regulations is maintained.

How often should internal control assessments be conducted?
Internal control assessments should be conducted annually and as necessary to address significant changes or deficiencies identified during the year.