Fundamentals of Risk Management for Accountants and Managers [Paperback]

Both financial and non-financial managers with accountability for performance at either a strategic level or for a business unit have responsibility for risk management, in terms of failing to achieve organisational objectives.
Fundamentals of Enterprise Risk management is structured around four parts and 26 self-contained chapters. Each chapter will have ample practical examples and illustrations/mini-case studies from retail, manufacturing and service industries and from the public and not-for-profit sectors to enable the reader to understand and apply the concepts in the book.Part A: Introducing risk management
1.The emergence of risk
The origins of the risk discipline in OH&S, insurance, project management and financial derivatives. Influence of key writers such as Beck and Adams.
2.The corporate governance agenda
The influence of Cadbury, corporate failures at Enron and WorldCom, Sarbanes-Oxley, the King Report, audit and risk committees.
3.Corporate governance and risk management in the public and not-for-profit sectors

Part B: A strategic perspective on Enterprise Risk Management
4.Towards Enterprise Risk Management (ERM)
The traditional approach to risk management compared with ERM. Various models of risk management, e.g. COSO (US), the IRM (UK), the Australian risk standard, Basel, etc.
5.Risk and strategy: product/markets, supply chain, competitive position, brands, regulation, technology change, reputation, distribution channels. Risk and sustainable competitive advantage.
6.Risk categorisation
Types of risk and the advantages of categorisation
7.Techniques for identifying and assessing risks
Likelihood/consequences. Risk registers. Risk reviews.
8.The manager's role in risk management