Risk

As companies struggle to survive in an increasingly complex and threatening environment, the role of management accountants has become ever-more critical, according to IMA president and CEO Jeff Thomson.

But relatively few audit execs are actually performing reviews of critical risk areas such as health and safety.

Accountants and finance pros have led in formulating strategy, anticipating risk and determining the best course of action to move forward.

The self-serve tool was in development before the coronavirus pandemic, but COVID-19 has provoked a major uptick in e-commerce business, which makes the tool very relevant now.

RiskOversight is designed to elevate and execute risk management programs across the enterprise, including risk identification, assessment, response, mitigation and monitoring.

There are things you can do to give your firm as much of an advantage as possible in a highly dynamic business world.

The Financial Reporting Council issued guidance Tuesday about the disclosure of risks surrounding the coronavirus, and is discussing with audit firms whether the virus will affect their ability to review audits in China.

The Committee of Sponsoring Organizations of the Treadway Commission is releasing new guidance on its widely used ERM Framework.

BlackRock, the world’s biggest fund manager, said Tuesday that it plans to put sustainability at the center of its investment strategy and it will push companies to improve their climate risk disclosures.

Business leaders will be contending with ongoing economic uncertainty and unknown future regulatory changes, along with accounting and tax changes, that could have an impact on their ability to effectively compete and achieve their financial targets in 2020 and beyond, according to a recent report.