My thanks go to Professors Mark Beasley and Bruce Branson of North Carolina State University’s Poole College of Management (the Enterprise Risk Management Initiative).
They recently published 2022 The State of Risk Oversight: An Overview of Enterprise Risk Management Practices – 13th Edition.
I believe this is their best edition and thank them for the detail it includes.
The information has value, but it is very important to understand that the survey on which the report is based was sent only to current members of the AICPA (in other words, CPAs). What they have to say is likely to be very different from what a CEO, COO, or other business executive would say. It is also likely to be different from what a board member would say.
Data was collected during the first few months of 2022 through an online survey instrument sent to members of the AICPA’s Business and Industry group who serve in chief financial officer or equivalent senior executive positions. In total, we received 560 fully completed surveys.
A variety of executives participated in our survey, with 21% of respondents having the title of chief financial officer (CFO), 18% serving as chief risk officer (CRO), 6% as controller, and 8% leading internal audit, with the remainder representing numerous other executive positions.
The respondents…
