The role of strategic enterprise risk management and organizational flexibility in easing new regulatory compliance

Arnold, Vicky; Benford, Tanya; Canada, Joseph; Sutton, Steve G.

doi:10.1016/j.accinf.2011.02.002

Cited by 52 publications

(15 citation statements)

References 41 publications

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“…In line with calls in the literature for more in-depth research into the relation between the use of ERP systems and regulatory compliance (Arnold et al, 2011b;Kumar et al, 2008), the current study employed a case-study method to explore the issues arising in one organization that uses an ERP to facilitate compliance with SOX. The findings demonstrate how an ERP system, such as SAP, can help with the significant issues of SOD, Downloaded by [Florida International University] at 04:54 18 September 2013 period-end reporting, account specific, and account reconciliation that are demanded under compliance with SOX 302 and 404.…”

Section: Concluding Commentsmentioning

confidence: 98%

“…ERPs are not easily modified or adapted to organizational preferences (Granlund, 2011;Dechow & Mouritsen, 2005), so further research could be conducted on a longitudinal basis to establish the extent to which other externalities impact on the use of an ERP for the purposes of regulatory compliance (cf. Arnold et al, 2011b). Furthermore, the study could be replicated in companies of various size and across a range of industries to investigate whether the different uses of an ERP system lead to different internal procedures and controls.…”

Section: Concluding Commentsmentioning

confidence: 98%

“…First, it addresses recent calls in the literature for research at the interface between IT and accounting in order to understand more about the crucial role of IT in supporting regulatory compliance (eg., Arnold, Benford, Canada, & Sutton, 2011b;Kumar, Pollanen & Maheshwari, 2008). While IT has been long-established as a means to automate and standardize a variety of business processes, little is known about its use by managers to ensure compliance with legislation (Granlund, 2011;Grant, Miller & Fatima, 2008;Mauldin & Ruchala, 1999;Tseu, 2005).…”

Section: Introductionmentioning

confidence: 98%

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The Use of an ERP System to Facilitate Regulatory Compliance

Mundy

Owen

2013

Information Systems Management

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This article reports the findings of a case study conducted in a multinational organization that aims to investigate how an enterprise resource planning system (ERP) can facilitate control over reporting processes and thus ensure compliance with regulatory requirements. The findings demonstrate how the use of an ERP to comply with financial regulation can impact organizational roles. In particular, IT managers must ensure that the ERP addresses regulatory requirements for internal control over financial reporting.

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Section: Concluding Commentsmentioning

confidence: 98%

Section: Concluding Commentsmentioning

confidence: 98%

Section: Introductionmentioning

confidence: 98%

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The Use of an ERP System to Facilitate Regulatory Compliance

Mundy

Owen

2013

Information Systems Management

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“…However, ERM processes differ among organizations, and ERM ''represents a (continued on next page) mixed bag of reformist, organizing sensibilities in the name of risk'' (Power 2007, 67). Since this study focuses on the strategic use of ERM in governing supply chain partnerships, ERM measures previously developed and validated by Arnold et al (2011) are employed. These measures were chosen as they are reflective of activities typically associated with strategically and holistically balancing risk and opportunity enterprise-wide, and denote an organization's level of ERM.…”

Section: Survey Developmentmentioning

confidence: 99%

Enterprise Risk Management as a Strategic Governance Mechanism in B2B-Enabled Transnational Supply Chains

Arnold

Benford

Hampton

et al. 2012

Journal of Information Systems

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As organizations increasingly face the need to compete for market share by building highly integrated global supply chains, governance of these complex relationships becomes a major strategic challenge. Research reporting high failure rates for collaborative alliances with supply chain partners makes formation of global supply chains a high-risk venture. This study examines the influence of strategic enterprise risk management (ERM) processes on improving supply chain capability while mitigating risks. ERM has become a major strategic management focus, and researchers suggest this momentum arises from the need for governance mechanisms that counter the ineffectiveness of government intervention and cooperation in cross-border relationships. We survey 207 organizations on their perceptions of their own ERM processes and a specific supply chain partner's absorptive capacity, B2B e-commerce business risk, and the global business risk associated with that partner relationship. The results support theorized relationships positing that stronger ERM promotes higher levels of partner absorptive capacity, lower B2B risk, and lower associated global business risk. Results further show that associated global business risk is reduced through managing and controlling partner absorptive capacity and B2B risk. Additional analyses show that stronger ERM is associated with partners being from countries with cultural traits conducive to strong supply chain performance.

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“…Since rescue processes have various specifica in common with business processes, it is obvious to start with methods and tools of business process management (BPM) for managing rescue processes [4]. This seems a promising approach, since achieving flexibility and compliance have already been well known challenges for many companies and their IT governance for several years ( [11], [12], [13]). However, the situation within and between companies differs a lot from that of the emergency institutions considered here.…”

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confidence: 99%

Gaining Flexibility and Compliance in Rescue Processes with BPM

Kittel

Sackmann

2011

2011 Sixth International Conference on Availability, Reliability and Security

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Weaving together information spread over several public and private organizations is crucial for managing catastrophic events and for realizing resilient social infrastructures. While beneficial in emergencies, an unlimited access to (sensitive) data is usually defined as the worst case in any privacy or IT security scenario. As a solution to this tradeoff, the transferability of successful methods and tools known from business process and workflow management to rescue processes is discussed. The resulting framework as well as the identified research questions do not aim at generating "pure" technical security but at reducing the probability of misuse and, thus, providing a sound technical basis for a social discussion on resilient infrastructures.

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The role of strategic enterprise risk management and organizational flexibility in easing new regulatory compliance

Cited by 52 publications

References 41 publications

The Use of an ERP System to Facilitate Regulatory Compliance

The Use of an ERP System to Facilitate Regulatory Compliance

Enterprise Risk Management as a Strategic Governance Mechanism in B2B-Enabled Transnational Supply Chains

Gaining Flexibility and Compliance in Rescue Processes with BPM

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