2014 AFP Risk Survey
In October 2013, AFP conducted the third
survey of the risk series in partnership with Oliver Wyman. The 2014 AFP Risk Survey concentrates on how
companies are integrating risk information into their business and financial
planning. The survey generated 554 responses from senior-level corporate
practitioners, representing a wide range of organizations both publicly and
privately owned and of varying sizes.
AFP Risk Survey report summarizes survey findings and provides financial
professionals’ insights on the risk environment, their organizations’ response
to the risk environment, the opportunities for better risk management through a
stronger collaboration with the FP&A function.
AFP thanks Oliver Wyman for being a valued
partner on the AFP Risk Survey series. In addition to underwriting support,
Oliver Wyman provided AFP with subject matter expertise.
Key findings include:
- Eighty-four percent of
respondents report that their organizations are exposed to the same or higher
level of uncertainty today than three years ago.
- Over 90 percent of
financial professionals note that risk management is either “extremely
important” or “very important” at their companies’ executive management level.
- The most common action
organizations are taking to counter current and emerging business risks is
increasing the focus on culture and awareness within organizations.
- The primary challenges
to organizations’ ability to forecast metrics are integrating risk and
forecasting data to strategic decision making and capturing relevant data
within the company.
2014 AFP Risk Survey resources:
Previous AFP Risk Survey reports