Enabling the Accountant's Role in Effective Enterprise Risk Management

Image: IFAC

Enterprise risk management (ERM) needs to be part of the professional accountant mindset and makeup.

This report explores the contribution of professional accountants to effective ERM in their roles as CFOs and within finance functions.

To add value, accountants need to be seen as risk experts who are outward-looking and provide valuable insights to manage risk in a way that supports their organizations in responding to uncertainty and achieving their objectives.