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Philippine Institute of Certified Public Accountants

The National Organization of Certified Public Accountants





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Rethinking Risk for the Future

Rethinking Risk for the Future

Report Title: Rethinking risk for the future

Summary of the Report: Rethinking Risk for the Future looks at the reality, from ACCA members’ points of view, about how COVID-19 has made organisations reassess the way in which they manage increasing uncertainty and faster shifting risks and opportunities in this new digital era.

The report reveals perspectives from a range of ACCA members working as risk professionals across the globe whether they come from: governance, risk, and compliance (GRC); internal audit; consultancy; finance teams; chief financial officers (CFOs), chief executive officers (CEOs), chief risk officers (CROs) and heads of risk or enterprise risk management (ERM), non-executive directors (NEDs) and board chairs.

These perspectives provide fresh understanding of how risk management is evolving with the practice and principles of accountancy and what ways an accounting background can shift the mindsets and behaviours needed to address the existential risks organisations around the world face today.

Key Highlights: The question now is how we can rethink risk in this fast-changing, complex world. As environmental, social and governance (ESG) converges more and more with ERM, the report focuses on five key areas where the accountancy profession can support organisations in both preparing for uncertainty and achieving their objectives better.

  • A new dawn for accountancy
  • ERM’s evolving doors
  • Governance in the risk space
  • Operational resiliency and emerging risks
  • One size does not fit all

Rethink risk for your organisation with this report.

 

Link to the Full Report:
Click here to read the report.