The role of the Ombudsman in the risk management process

2001 ◽  
Vol 6 (3) ◽  
pp. 221-224 ◽  
Author(s):  
Jane Cowan
Keyword(s):  
Risk Management ◽  
Management Process ◽  
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.

Customisable framework for project risk management

2017 ◽  
Vol 17 (1) ◽  
pp. 68-89 ◽  
Author(s):  
Jennifer Firmenich
Keyword(s):  
Risk Management ◽  
Management Practices ◽  
New Institutional Economics ◽  
Future Research ◽  
Project Risk Management ◽  
Management Process ◽  
Project Risk ◽  
Content Type ◽  
Risk Management Process ◽  
Management Concepts

Purpose The purpose of this paper is to emphasise on the need for efficient and effective project risk management practices and to support project managers in increasing the cost certainty of projects by proposing a new framework for project risk management. Design/methodology/approach The author adopts a “constructivist” methodology, drawing on practices common in construction management sciences and new institutional economics. Findings The author presents a holistic and customisable project risk management framework that is grounded in both practice and academia. The framework is holistic because, amongst others, all steps of the typical risk management process are addressed. The framework is customisable, because it allows for alternative ways of implementing the project risk management steps depending on the project-specific circumstances. Research limitations/implications The framework does not address the potential unwillingness of the project players to set up a project risk management process, at all. The proposed framework has not yet been tested empirically. Future research will seek to validate the framework. Originality/value The framework is designed to account for the difficult circumstances of a complex construction project. It is intended to support decision makers in customising a practical yet comprehensive project risk management concept to the characteristics of the unique project. Although many other project risk management concepts are designed based on the assumption that actors are perfectly rational and informed, this framework’s design is based on the opposite assumption. The framework is dynamic and should adapt over time.

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