Comments on: ROLE OF ACCOUNTANTS AS INDEPENDENT ADVISORS

By: timi

timi — Tue, 19 Jul 2011 10:20:05 +0000

what is the important of accounting

By: ACCOUNTANTS AND CUSTOMER CARE SERVICES |ROLES AND DUTIES

ACCOUNTANTS AND CUSTOMER CARE SERVICES |ROLES AND DUTIES — Sun, 01 May 2011 18:24:37 +0000

[...] is the role of an accountant as a business advisor to bring to the notice of erring management the importance of blending the spirit of customer care [...]

By: chinweike

chinweike — Fri, 19 Nov 2010 10:20:39 +0000

Hi David North,
Am glad to see an intelligent question like this, this shows that you are indeed a forward looking professional. The roles of management accountants in enterprise risk management is closely tied to the interpretation of the financial implications of defaulting.
Failure to properly analyse risk in one unit quickly affects the other units of the business. The amount of IT training that accountants go through now put them in a better position to contribute on IT risks and financial risks. Gone are the days when accountants simply calculate variances and do some number crunching in preparing budgets, there dozens of machines that can do that now more effectively and efficiently.
All these still boils down to analysis and interpretation issues. Controls (management controls / internal controls) for instance will be useless if variances are not properly investigated before acting upon.
David, in as much as this reply is not ment to be a blog post, I have attempted to provide salient points here to get you thinking.
Thanks once again for reading, hoping to hear from you soon.
Cheers!
Chinweike

By: david north

david north — Wed, 17 Nov 2010 10:52:00 +0000

What roles do management accountants have in the enterprise risk management process?

By: chinweike

chinweike — Thu, 17 Jun 2010 07:43:51 +0000

If you are conversant with the changes in accounting curricular of accounting professional bodies, you will have no choice than to agree with me. Thanks for your comment.
Cheers!

By: John Glenn, MBCI

John Glenn, MBCI — Tue, 15 Jun 2010 13:30:10 +0000

Accountant as Business Continuity “expert.”
Don’t believe it.
Business continuity done properly is truely Enterprise Risk Management and while this does require an accountant’s subject matter expertise, it is far beyond the capabilities and knowledge base of all the many accountants – CPAs and otherwise – I know.
Asking an accountant to be an enterprise risk manager is akin to asking an accountant to perform brain surgery – separate knowledge and expertise (I wouldn’t want a brain surgeon as my accountant, either.)