Corporate risk rising; risk management isn't.

• Position: More than a board game

A recent survey found:

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70% of large, public and financial services company respondents reported that the risks they face are increasingly complex compared to five years ago.

Less than 50% of above respondents described their risk management processes as mature/robust.

28% of organizations have complete enterprise risk management (ERM) processes in place.

51% of organizations communicate key risks merely on an ad hoc basis at meetings.

62% of organizations said the extent to which risk management activities are an explicit component in determining management compensation is nonexistent or minimal.

--AICPA and NC State's ERM Initiative

the numbers

85 Percent of CalCPA members who think clients are utilizing more specialized practice areas.

--CalCPA virtual polling

68 Percent of companies that have concerns about integrating accounting software with an invoicing and...