CFOs are equipped to turn risk into an advantage, an international accounting leader says.
Mature ERM programs help organizations understand their own structures and processes, and how they impact strategic goals.
As tempting as it can be to blame uncontrollable factors for variances to plan, effective leaders instead prepare for mitigating the impact.
Those that do, however, find that testing the potential impact of risks on financial results clarifies strategic options quickly.
Many companies are mitigating risk with enterprise risk management, but some are using the programs to uncover new opportunities and create value
