RULES FOR RISK MANAGEMENT
The results of the survey show that a lot is being done already but accountants think their organisations should involve them more.
In particular respondents:
- attribute organisational failure to poor decisions driven by bias and self-interest
- recognise these behaviours are common in their own organisations
- believe that accountants should encourage honesty, objectivity and advocacy over evidence in decision making
- think that accountants should provide a range of possible outcomes following a course of action rather than to just detail the most likely outcome.
An interview with Matthew Leitch
As author of the report, Matthew provides his view on the findings of the survey and how this impacts risk management.