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New study shows low levels of comprehensive ERM

Tammy Whitehouse | March 27, 2018

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.

The AICPA conducted the study in coordination with North Carolina State University’s ERM Initiative. It found only 22 percent of participants who said their organization’s ERM practices could be described as “mature” or “robust.” The results also suggest corporate directors may not be happy...

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