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Technical

5 questions to ask to help improve risk management Logo cgma

  Neil Amato |   Free |   May 2021 |   FM magazine

Even organisations with robust ERM processes were severely challenged by the pandemic.

Topics covered:
  • Management accounting: Technical: Risk management & internal control: Risk management policies & procedures, Advanced
  • Management accounting: Technical: Risk management & internal control: Risk response & reporting, Advanced

1 Comments/Reflections

George Rose

George Rose Jul 2022

The article reinforces that identifying, quantifying and mitigating risk is ever changing. As the covid pandemic has been an event that has had a global impact which has affected most organisations, risk has become the forefront on the agenda's of most boardrooms and at all levels of the organisation. 

Organisations were able to tale advantage of the technology available and continue to operate with people working from home. Prior to the pandemic, if organisations were monitoring the technological environment as part of their risk identification, they would have experienced an upside risk by being able to utilise Teams / Zoom / Office 365.