KARACHI?-?Karachi Electric Supply Company in collaboration with ACCA Pakistan participated in a discussion forum on ?Rules for risk management: culture, behaviour and the role of accountants? on Monday. The discussion focused on the finance function of KESC, highlighting trends and issues crucial for the business, economy and society now and in the future. The discussion explored issues surrounding the broad themes of access to finance; risk and reward; corporate reporting; audit and society; environmental accountability; finance transformation and accountancy futures. The Forum provided an opportunity to the participants to share their insights and discuss solutions to delivering effective and integrated risk management strategies that fully utilize the benefits that the work of accountants can bring. The results of the discussion will be fed into the ACCA?s Risk Management Tool which is an online diagnostic that allows management of organizational risks in comparison to others. Risk Management has become an international discussion theme and according to ACCA survey of over 2,000 ACCA members, accountants at the business have a vital role to play in successful risk management and that they stand ready to do more. This research will come in handy in accessing the regional values for risk management.
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