ACCA - The global body for professional accountants

Risk and reward

Rules for risk management

This report on rules for risk management is based on a survey of ACCA members and clarifies what integrated risk management looks like in practice.

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.

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AN INTERVIEW WITH PAUL MOXEY

Paul Moxey, head of corporate governance and risk management at ACCA, tells us his views on the latest risk management research and the impact it has on finance professionals.

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RISK MANAGEMENT TOOL

This risk management tool is an online diagnostic that allows you to measure how effectively your organisation manages risk in comparison to others. You’ll be able to take away practical risk management techniques that you can apply within your organisation and share ideas on best practice with your peers.

Access the risk management tool.

THE ECONOMIST: THE LONG VIEW

This report by the Economist Intelligence Unit, and sponsored by ACCA, is based on a global survey of senior executives and interviews with industry experts and commentators. It explores current approaches to long-term strategic planning and risk management.

Download the report.

AN INTERVIEW IAIN SCOTT, MANAGING EDITOR, ECONOMIST INTELLIGENCE UNIT

Iain talks about the most interesting findings including why risk planning should take a long-term view.

 

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Published: 28 Feb 2012