The aim was to bring to light the current risk management challenges and some of the potential solutions to those challenges. There also have been gathered the views of Nexia member firms on this subject in relation to their clients.
Among the key findings were that awareness of risk management is clearly on the increase. Almost half of companies surveyed expect to increase spending on risk management in the coming year. This is supported by the views of the Nexia member firms surveyed – 63% expect that the level of risk management services they provide to increase in the year ahead.
Further, over half of Nexia member firms believe that the risk profile in their country has increased in the last year, reflecting current widespread political, economic, and social uncertainties.Clearly, risk management has become critically important as businesses are challenged to remain competitive while grappling with uncertain operational and financial conditions.
For more information see: Nexia Global Risk Management Report Winter 2013 PDF