As companies struggle to meet the challenges of the digital economy, CFOs are increasingly concerned that their organizations may not be keeping pace with new business realities, regulatory changes and a quickly evolving digital landscape. That’s according to a recent survey by Protiviti and North Carolina State University’s Enterprise Risk Management Initiative. [1] Interestingly, the CFOs’ top concerns reflected in the survey results have very little to do with accounting or financial reporting.
Risk concerns were consistent across geographies and industries, with CFOs and chief audit executives showing a heightened concern relative to their C-suite peers and increasing levels of concern year over year. These results were consistent with a previous survey of finance leaders conducted by Protiviti earlier in the year. [2]
Top global risks according to finance executives include macroeconomic worries about an economic downturn that might significantly restrict growth opportunities, and a concern about the potential for regulatory changes and tightening scrutiny. Rounding out the top five are concerns about…
