Formalized, comprehensive approaches to enterprise risk management are not terribly baked into corporate practices, according to a recent study by the accounting profession.
A survey of 474 senior finance executives in the business and industry group of the American Institute of Certified Public Accountants found only 31 percent who said their organizations have a complete ERM process in place. Still, that’s an increase of 22 percent from 2009, when only 9 percent reported they operate in a complete ERM environment.
