TY  - CHAP
AB  - Abstract Purpose – This article examines management accounting practice in relation to the two aspects of Enterprise Risk Management (ERM): risk management and internal controls.Methodology/Approach – We conducted a survey of experienced management accountants to find out about the risk management and internal control aspects of their current ERM practices, and their perceived effectiveness in performing various ERM roles, within the context of the ERM culture and the level of information systems support for ERM in their organizations.Findings – In terms of the risk management aspects of ERM, the management accountants in the survey contribute highly to managing risks of a financial or compliance/legal nature and tend to focus mostly on risks with potentially higher impact and higher likelihood of occurring. In terms of the internal control aspects of ERM, they play a highly important role in ERM activities related to prevention and internal risk treatment. Their organizations have an ERM culture that is perceived as open to challenging discussions about risk and have implemented IS support for management accounting in areas such as information security and standardized information architecture. Overall, the effectiveness of their contributions to ERM is perceived to be high in the areas of compliance and finance-related risk.Originality/Value – We develop a framework and offer empirical evidence about the ERM contributions of management accountants. We propose and use two original scales: one to classify ERM activities, and the other to assess ERM culture.
VL  - 30
SN  - 978-1-78756-440-4, 978-1-78756-439-8/1474-7871
DO  - 10.1108/S1474-787120180000030002
UR  - https://doi.org/10.1108/S1474-787120180000030002
AU  - Bento Regina F.
AU  - Mertins Lasse
AU  - White Lourdes F.
ED  - Mary A. Malina
PY  - 2018
Y1  - 2018/01/01
TI  - Risk Management and Internal Control: A Study of Management Accounting Practice
T2  - Advances in Management Accounting
T3  - Advances in Management Accounting
PB  - Emerald Publishing Limited
SP  - 1
EP  - 25
Y2  - 2024/04/26
ER  -