Which of the following options is/are correct with regards to the justification for accountants to play a stronger role in risk management? I. Accounting can help devise risk-based indicators and metrics at both unit and organisational levels. II. Accounting can provide the cost-benefit analysis of all the risk responses. II. Accounting can help integrate key risk indicators into the organisation's balanced scorecard. IV. Accounting can motivate managers to take more risks in their decision-making. V. Accounting can help integrate key risk indicators in managerial performance evaluation and reward structure. O Options I, II, III and V only. O Options I, II, and IV only. O Options III, IV, and V only. O Options I, II, III and VI only.

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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Which of the following options is/are correct with regards to the justification for accountants to play a stronger role in risk management?
1. Accounting can help devise risk-based indicators and metrics at both unit and organisational levels.
II. Accounting can provide the cost-benefit analysis of all the risk responses.
III. Accounting can help integrate key risk indicators into the organisation's balanced scorecard.
IV. Accounting can motivate managers to take more risks in their decision-making.
v. Accounting can help integrate key risk indicators in managerial performance evaluation and reward structure.
Options I, II, III and V only.
O Options I, II, and IV only.
Options III, IV, and V only.
O Options I, II, III and VI only.
Transcribed Image Text:Which of the following options is/are correct with regards to the justification for accountants to play a stronger role in risk management? 1. Accounting can help devise risk-based indicators and metrics at both unit and organisational levels. II. Accounting can provide the cost-benefit analysis of all the risk responses. III. Accounting can help integrate key risk indicators into the organisation's balanced scorecard. IV. Accounting can motivate managers to take more risks in their decision-making. v. Accounting can help integrate key risk indicators in managerial performance evaluation and reward structure. Options I, II, III and V only. O Options I, II, and IV only. Options III, IV, and V only. O Options I, II, III and VI only.
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