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

Author

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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    File URL: http://www.hha.dk/bs/wp/man/M_2006_05.pdf
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    References listed on IDEAS

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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. 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.
    3. McGovern, Gerard, 2021. "Capturing community value in civic energy business model design," Energy Policy, Elsevier, vol. 156(C).

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    More about this item

    Keywords

    Risk management; Internal control; Business processes; Compliance; Sarbanes-Oxley Act; ERP systems; COSO; COBIT;
    All these keywords.

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