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.

For the full story.

Recommended For You

 

For more on enterprise risk management, see Building a Better ERM.

NOT FOR REPRINT

© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.

Treasury and Risk

Just another ALM site