THE ROLE OF MANAGEMENT ACCOUNTANTS IN RISK MANAGEMENT
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- NGN 3000
Abstract:
This research explores the role of management accountants in risk management in Lagos State, Nigeria. The objectives are to: (1) evaluate how management accountants contribute to risk identification and assessment, (2) assess their role in developing risk mitigation strategies, and (3) analyze the overall impact on organizational stability. A survey design was employed to collect data from management accountants and risk managers. The sample size, determined using Taro Yamane's formula, ensures representativeness. Stanbic IBTC Holdings Plc was chosen as the case study due to its proactive risk management practices. The reliability coefficient score of the survey was 0.89. Findings indicate that management accountants play a crucial role in risk identification, assessment, and mitigation, enhancing organizational stability. It is recommended that companies in Lagos State integrate management accountants into their risk management frameworks to improve organizational resilience and stability.
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