Canada - Ernst & Young survey on risk management

According to a recent survey by Ernst & Young, corporate fraud, data theft and financial reporting risk can cost organizations dearly. That’s why it’s so important for today’s businesses to get their risk management strategies right. By doing so, they can protect their valuable assets and also create a competitive advantage. In The future of risk: Protecting and enabling performance, Ernst & Young finds 96% of organizations believe they can improve risk management, while nearly half say committing additional resources to risk management could actually drive a competitive edge. The survey also finds coverage of multiple risk functions has become increasingly difficult to manage and is compounded by a lack of alignment. (Read the article "Ignoring risk management is risky, survey says" in the October 2009 CAmagazine online.)