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CPA Study Finds C Suite Struggling to Define Risks

Posted March 05, 2015

Despite consensus that risk is a big deal—something companies should be managing aggressively—recent academic data suggests public companies in particular have a long way to go to deal with risk effectively.

A recent study out of North Carolina State University shows almost 60 percent of nearly 1,100 companies surveyed through the American Institute of Certified Public Accountants say they are facing a greater volume and complexity of risks than they were five years ago. A slightly higher percentage says they were caught off guard by some operational surprise in the same timeframe.

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