Risk Management Improving at Companies

Large companies in the United States are getting better at managing potentially critical business risks, according to a new study.

A survey of 150 senior-level executives by Protiviti, a provider of risk consulting and auditing services, found that 53 percent of them perceive their companies to be very good at managing risks. On the other hand, that left 47 percent of them who don't feel that way.

In the financial services and real estate sectors, the top concern in terms of risk was the financial markets.

Among the companies that rated themselves as not very effective at risk management, 77 percent plan to make at least some changes to their risk management abilities over the next two years, while another 14 percent plan to make significant changes.

For reprint and licensing requests for this article, click here.
Audit Wealth management Estate planning Regulatory actions and programs Accounting education Financial reporting
MORE FROM ACCOUNTING TODAY