The worldwide economic crisis has put a spotlight on corporate risk, but a large percentage of companies around the globe do not have strong risk oversight protocols, according to a joint research report released by the American Institute of Certified Public Accountants (AICPA) and the Chartered Institute of Management Accountants (CIMA).

The report, Enterprise Risk Oversight: A Global Analysis , is the first in a series of global thought leadership research papers being developed by the AICPA and CIMA. The underlying research in the report was conducted by faculty in the Enterprise Risk Management (ERM) Initiative in the North Carolina State University College of Management.