Rethinking Risk for the future
Risk management as we knew it has been catapulted by the ongoing pandemic, and accountants have been presented with an unmissable opportunity to reassess how they can add more value in this transformation.
Rethinking Risk for the Future looks at the reality, from ACCA’s members’ points of view, about how COVID-19 has made them reassess the way in which they manage increasing uncertainty and faster shifting in this new digital era.
Our research for 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), non-executive directors (NEDs) and board chairs or the increasingly more who are chief risk officers (CROs) and heads of risk or enterprise risk management (ERM).
Through these members’ voices we get a 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.
“I think this crisis has given accountants a mandate for providing a new level of insights for boards and senior management, and in getting risk involved in every conversation across the organisation.”
Hamzah Chorghay, director of risk and compliance, Turkish Red Crescent, Ankara
Illustration of the universe of risks adapted from the World Economic Forum COVID-19 risks outlook
Download the full report below