DESIGNING A FRAMEWORK FOR RISK MANAGEMENT IN ACCOUNTING FIELD

Elena Nichita, Mirela
2015 Revista Economica   unpublished
Our goal in this article is to present a framework to guide managers in developing a coherent risk-management strategy. The research tries to highlight how an accounting services company faces the risk and manage it, by proposing a framework and applying the Failure Mode and Effects Analysis (FMEA) model for recording the transactions. In this research, customers are considered risky assets and managed for risk and return, consequently the methodology has roots in portfolio management theory,
more » ... anagement theory, which incorporates the risk and return inherent in different assets.
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