Search
 

Many Still Not Using ERM (Journal of Accountancy)

Study shows most organizations arent incorporating risk management enough into their business strategy.

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Three out of four organizations have yet to embrace enterprise-wide risk oversight, the Journal of Accountancy reports, and even fewer have embraced enterprise risk management (ERM) into their overall business strategy.

While the number of companies with ERM processes is increasing, only 23% of respondents in a study by the AICPA had complete processes. Sixty-two percent reported that the volume and complexity of risk has increased substantially in the last five years, and 68% reported being caught unawares of an operational risk in that time period. But 39% of respondents did not plan to implement ERM at all.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

Treasury and Risk

Treasury and Risk

Treasury and Risk Staff Writers

More from this author

Recommended Stories

Spike in LIBOR Offset Rate Cuts

William Shaw & Silla Brush |

Global watchdog says the benchmark’s performance through recent financial turmoil underscores the need to retire it.

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.