Open AccessRisk management. A case study of a Colombian public sector company
Author(s) -
Diego Armando Jurado-Zambrano,
Eduart Villanueva
Publication year - 2022
Publication title -
cuadernos de contabilidad/cuadernos de contabilidad
Language(s) - English
Resource type - Journals
eISSN - 2500-6045
pISSN - 0123-1472
DOI - 10.11144/javeriana.cc22.rmcs
Subject(s) - scope (computer science) , business , internal audit , public sector , focus group , audit , risk management , process management , risk management plan , operations management , plan (archaeology) , accounting , knowledge management , it risk management , marketing , engineering , finance , political science , computer science , archaeology , law , history , programming language
The objective of this research is to analyze, in a Colombian public sector company, the key success factors for the implementation of a ERM initiative. To comply with the objective, an investigation with a qualitative approach and descriptive scope is developed. As instruments for collecting information, the following are used: The focus group technique; the documentary review specifically of the strategic plan, the operating policies, the risks previously identified, as well as the internal and external audit reports. The results show the existence of some key success factors, such as: Senior management leadership, resource allocation, methodological integration for risk management; which enabled the successful implementation of integrated risk management. Likewise, the main stages adopted in the implementation exercise are presented, which were based on the ISO 31000: 2018 standard.