The ERM way to accountancy

An integrated approach requires CAs to be cognisant of risk assessment and mitigation strategies

The global economy has gone through a turbulent time in the last few years, with financial crises, trade wars, and rising economic protectionism. The growing use of technology has added to the complexity and created a tectonic shift in business operations, communication, and security leading to new challenges that include societal, political, economic, and cyber risks.

As a result, the role of a Chartered Accountant (CA) has also moved from traditional financial reporting to strategic decision-making. CAs are entrusted with guiding organisations through risks and helping build robust and resilient businesses. Consequently, many CAs are now focusing on building their Enterprise Risk Management (ERM) skills.