Global

Details

  • Service: Advisory, Risk Consulting, Internal Audit, Risk Consulting Services, Forensic, Financial Risk Management, Accounting Advisory Services
  • Industry: Financial Services, Insurance, Banking, Healthcare, Industrial Manufacturing, Technology, Media, Telecommunications
  • Type: Survey report
  • Date: 5/16/2013

Risk-resilient culture 

Companies cannot afford to ignore warning signs if their risk capabilities do not match stakeholder expectations. To help companies navigate a more complex global economy and an ever-growing list of government regulations, risk management has never been more essential. Yet, despite its importance, the skills to manage risks appear to be lacking in some crucial respects.

Companies struggle to build an enterprise-wide view of threats and this makes it difficult to plan strategically. Many companies do not perform bottom-up risk assessments or develop risk appetite statements. Self-assessments by the business units are lacking. Companies are increasing their investment in risk management and believe that technology can help, especially in breaking down the barriers between the risk and control oversight functions. But measuring the value of those investments remains a perennial challenge.


Risk-resilient culture


 

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