An AICPA report found that 65 percent of senior finance leaders agree that the volume and complexity of corporate risks have changed “ mostly ” or “ extensively ” over the last five years .

Despite this , only 37 percent say their organizations have complete enterprise risk management ( ERM ) processes in place , and 30 percent rate their organizations overall risk management oversight as “ mature ” or “ robust .” These findings are unchanged or slightly changed from a year ago .

New and rapidly changing risk events , including concerns about the economy and inflation ; geopolitical developments impacting trade and supply chains ; disruptive technologies and AI ; cyber and privacy threats ; and a host of other triggers are continuing to drive significant disruptions that impact an organizations business model and strategic planning . Get the full report at aicpa-cima . com / resources / download / 2024-state-of-risk-oversight-report-15th-edition .

membermilestones

CAMICO has named Mike Ray its president and CEO , effective Jan . 1 . He will succeed Ric Rosario , CPA , CGMA , who will retire Dec . 31 .

MEMBERS IN THE NEWS

Financial Advisor quoted Mary Kay Foss and Larry Pon in a July 11 article on how tax planning differs for young clients . Accounting Today also quoted Foss and Pon in a July 18 article on what tax clients think about the election … Bloomberg published an opinion article by Chris Vanover on July 19 on a U . S . auditing firm accused of fraud and the state of the profession … Accounting Today quoted Larry Pon in a July 30 article on what tax pros believe is driving the pipeline problem and some short-term fixes … Money Tree Investing interviewed Blake Christian on its podcast about Opportunity Zone funds .

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