文章基本信息

标题：Views from Key University Stakeholders on Risk Strategy Implementation and Disclosure: A Case Study of South African Universities
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作者：Enathi Jongikhaya Qanga ; Danie Schutte
期刊名称：Academy of Accounting and Financial Studies Journal
印刷版ISSN：1096-3685
出版年度：2021
卷号：25
期号：6
页码：1-12
语种：English
出版社：The DreamCatchers Group, LLC
摘要：The implementation and disclosure of risk are still under-researched, universities in particular. The audit Committee as an oversight structure is important in the management of risk strategies in universities. Avoiding risk in an institution is everyone’ responsibility, as well as the adoption of an inclusive approach in achieving institutional objectives. The aim of this article is to examine risk strategy, implementation and reporting based on views of key university stakeholders. The study follows a survey research design to analyse responses from key university stakeholders. In addition, descriptive statistics are used to establish statistical central tendency and variability amongst the risk strategy principles. Five risk strategy and objective setting principles were examined base on frequencies and mean scores. The results suggest university stakeholders strongly agree on both implementation and disclosure of four risk strategy principles. One principle agrees on implementation and disclosure is at the discretion of the university. The mean scores are in the positive zone between "agree" and "strongly agree" of the Likert scale on all of the five risk strategy principles. This article view risk strategy as indispensable for universities and the risk strategy implementation and disclosure can create and sustain value for the universities. The findings of this research can assist accounting or risk practitioners and assurance service providers to improve on risk strategy implementation and disclosure for universities. Also, the article contributes to the under-researched risk strategy body of knowledge. This article further notes the limitation to generalize findings due to the size of the sample.
关键词：Risk Disclosure;Risk Assessment;Risk Strategy;Integrated Reporting;Narrative Disclosure