How does the leadership role of the accountant affect an organization's risk management?

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In this global and competitive world, holistic and integrated risk management has become necessary.The role of the accountant affect an organization's risk management since every business requires grabing opportunities and taking risk for sucess. Now, to add value in the organisation accountants are seen as risk mitigators. They are not only consider forsighters but they also provide the management effective solutions in responding to any uncertain event and turing it into acheiving goals.

Enterprise risk management should be part of every professional accountant mindset. The accountant not only provide information on the current business performance but also forecasts reults for the future that are both strategic and tactical and are useful for management to make decisons. Many times CFO of the company plays a vital role in enterprise risk management. The CFO and its team look for potential risks that are there in the internal and external environment and take measures to control and remove those risks.

Morever professional accountants orgranizations have an opportunity to do more to enable accountants for enhancement of contribution to Enterprise Risk management.

To conculde that , accountants play a vital role for the success of the organisations to provide their innovative ideas and implementation of strategical business plans

ekkarill92 answered 1 year ago

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