The Reporting of Organizational Risks for Internal and External Decision-Making — Management Accounting Guideline [Download]

Financial professionals want to provide a clear understanding of the risks and fair disclosure to both internal and external decision makers without causing unnecessary alarm.This Guideline addresses these important issues and provides guidance for the reporting of risks for both internal and external decision making.

In it you'll find: 

• The role and importance of risk management and reporting for improved decision-making by senior management and other managers (The Risk Reporting Contribution Scheme).
• Specific risk reporting questions, including risk reports content, format, placement, distribution, and communication, and the intended impact of risk reporting (The Risk Reporting Model). 
• Templates for real-time and periodic internal and external risk reports; 
• Discussion on the challenges in risk reporting, including the potential for inappropriate decision-making or dysfunctional behavior of internal and external audiences. 
• Guidance on organizational structure and responsibilities related to risk reporting.

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