In 2007 CMA Canada, a self-regulating body to maintain the standards, practices and professional conduct in management accounting, adopted an enterprise risk management framework. The initiative enabled the organisation to identify and evaluate political, social, environmental, technological, economic, competitive, and financial risks, and incorporate the results into business decisions and organizational monitoring systems. By the…

BPIR Categories

2.5.4 Identify and manage risks
2.2.4 Formulate and review business unit strategy

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