The role of internal audit in the risk management process: A developing economy perspective

2020 ◽  
Vol 31 (4) ◽  
pp. 154-165
Author(s):  
Diana Weekes‐Marshall
Keyword(s):  
Risk Management ◽  
Internal Audit ◽  
Management Process ◽  
Developing Economy ◽  
Risk Management Process

scholarly journals The Role of Accounting Information in Risk Management in the Saudi Banks under Digital Services: Exploratory Study

2021 ◽  
pp. 11-21
Author(s):  
Dr. Ahmed Zakaria Zaki Osemy
Keyword(s):  
Risk Management ◽  
Significant Relationship ◽  
Strong Correlation ◽  
Exploratory Study ◽  
Accounting Information ◽  
Management Process ◽  
Digital Services ◽  
Risk Management Process

This research aims to determine the role of using useful accounting information in risk management in Saudi banks under digital services. This study is based on an exploratory study and desk study from the literature review. This study revealed that there is a statistically significant relationship between using useful accounting information in the risk management process in Saudi banks under digital services and achieving positive results in general. There is a positive and strong correlation, the value of which is 0.94. This study, also, revealed that there is a statistically significant relationship between using accounting information in risk management in the Saudi banks under digital services and reducing risks. There is a positive and strong correlation, the value of which is 0.80. In addition, the study revealed that there is a statistically significant relationship between using accounting information in risk management in the Saudi banks under digital services and avoiding risks. There is a positive and moderate correlation, the value of which is 0.66. Finally, the researcher recommends the necessity of using useful accounting information in the Saudi banks properly to improve the quality of risk management process more and more, especially under digital services.

scholarly journals The role of financial statements in decisionmaking in the risk management process

Revizor ◽  
2021 ◽  
Vol 24 (93) ◽  
pp. 71-77
Author(s):  
Jelena Krpić
Keyword(s):  
Risk Management ◽  
Management System ◽  
Financial Statements ◽  
Reliable Information ◽  
Management Process ◽  
Risk Management System ◽  
Risk Management Process ◽  
Credible Information

In order to establish a balance between the risks to which it is exposed and the achievement of set goals, the management organizes a risk management system. The management system also implies making appropriate decisions that should be based on relevant and credible information. Financial statements are currently compiled on the basis of relevant and reliable information, the usefulness of which has been improved by making them comparable, verifiable, timely and understandable, and so relevant source for risk management activities.

Controlling as an Information Source in Risk Management Process

2014 ◽  
Vol 9 (2) ◽  
pp. 165-176
Author(s):  
Joanna Dynowska ◽  
Anna Bartoszewicz
Keyword(s):  
Risk Management ◽  
Information Source ◽  
Supply Management ◽  
Management Process ◽  
Modern Management ◽  
Risk Management Process ◽  
Management Techniques ◽  
A Company ◽  
Process Controlling

An increasingly visible tool in identifying risk is controlling. Its tasks include collecting, processing, and analyzing information. Thus, in the stage of identifying the risk management process, controlling should supply management with information regarding the impacts of risks on particular departments of the company. The purpose of this article was to emphasize the role of controlling in the risk management process within an organization. This objective was achieved through a study of literature from research conducted in the field. Over the course of this study, the value of controlling and its role in the risk management process were revealed. Also, the role of budgeting was shown to be a key tool of controlling in the process of risk management. The implementation of controlling in a company permits full use of information and enables the use of modern management techniques, thereby facilitating making good decisions to rectify or mitigate risk for a specific organization or unit.

Business Intelligence in Audit

2012 ◽  
Vol 3 (3) ◽  
pp. 42-53
Author(s):  
Leticia R. Webb
Keyword(s):  
Risk Management ◽  
Business Intelligence ◽  
Internal Audit ◽  
Senior Management ◽  
Management Process ◽  
Risk Management Process

Since 2002, regulations have changed the landscape of internal audit as well as how many internal audit departments are viewed by senior management and the board, making it difficult for internal audit, especially small and medium departments, to maintain a role in the risk management process. Many companies are beginning to realize the benefit of using business intelligence in the risk management process. By finding ways to get involved in those efforts, internal audit can again provide value and regain a seat at the risk management table.

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