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Business Process Risk Management, Compliance and Internal Control: A Research Agenda

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Listed:
  • Rikhardsson, Pall

    (Department of Management Science and Logistics, Aarhus School of Business)

  • Best, Peter

    (Faculty of Business)

  • Green, Peter

    (The University of Queensland Business School)

  • Rosemann, Michael

    (Faculty of Information Technology)

Abstract

Integration of risk management and management control is emerging as an important area in the wake of the Sarbanes-Oxley Act and with ongoing development of frameworks such as the Enterprise Risk Management (ERM) framework from the Committee of Sponsoring Organizations of the Treadway Commission (COSO). Based on an inductive methodological approach using literature review and interviews with managers engaged in risk management and internal control projects, this paper identifies three main areas that currently have management attention. These are business process risk management, compliance management and internal control development. This paper discusses these areas and identifies a series of research questions regarding these critical issues

Suggested Citation

  • Rikhardsson, Pall & Best, Peter & Green, Peter & Rosemann, Michael, 2006. "Business Process Risk Management, Compliance and Internal Control: A Research Agenda," Management Accounting Research Group Working Papers M-2006-05, University of Aarhus, Aarhus School of Business, Department of Business Studies.
    • Handle: RePEc:hhb:aarbma:2006-005
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    References listed on IDEAS

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    3. Jakobsen, Morten, 2006. "A survey of trust, control and information in networks," Management Accounting Research Group Working Papers M-2006-01, University of Aarhus, Aarhus School of Business, Department of Business Studies.
    4. Adams, Scott J., 2004. "Age discrimination legislation and the employment of older workers," Labour Economics, Elsevier, vol. 11(2), pages 219-241, April.
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    7. Rikhardsson, Pall & Rohde, Carsten & Rom, Anders, 2005. "Exploring Enterprise Systems and Management Control in the Information Society: Developing a Conceptual Framework," Management Accounting Research Group Working Papers M-2005-05, University of Aarhus, Aarhus School of Business, Department of Business Studies.
    8. James G. March & Zur Shapira, 1987. "Managerial Perspectives on Risk and Risk Taking," Management Science, INFORMS, vol. 33(11), pages 1404-1418, November.
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    Cited by:

    1. Holm, Claus & Schøler, Finn & Lønne, Henrik & Maingot, Michael, 2009. "A Study of the Adoption and Implementation of International Financial Reporting Standards in the Two EU Countries of Denmark and Ireland and New Zealand, a Non EU Country," Accounting Research Center Working Papers A-2009-01, University of Aarhus, Aarhus School of Business, Department of Business Studies.
    2. McGovern, Gerard, 2021. "Capturing community value in civic energy business model design," Energy Policy, Elsevier, vol. 156(C).
    3. Heise, David & Strecker, Stefan & Frank, Ulrich, 2014. "ControlML: A domain-specific modeling language in support of assessing internal controls and the internal control system," International Journal of Accounting Information Systems, Elsevier, vol. 15(3), pages 224-245.

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