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INSTITUTE

N E W S

Bronze medal awarded for
outstanding service to CIMA

am Pok-Man, FCMA, CGMA, Ph.D., has been awarded
KCIMA’s Bronze Medal for outstanding service to the
Institute. He served as president of CIMA’s Hong Kong
Division between 1985 and 1987 and held positions that
included CEO of Hong Kong’s Financial Reporting Council
and member of the IFRS Advisory Council of the
International Accounting Standards Board.

AICPA report: The State of Risk
Oversight 2022

orth Carolina State University in the US, together with
Nthe AICPA, has published the 13th edition of an overview
of enterprise risk management (ERM) practices in The State
of Risk Oversight 2022. The 560 survey responses for this
overview of ERM practices included 152 from organisations
with revenues greater than $1 billion and 129 publicly traded
companies. Topics covered include:
y Drivers for enhanced risk management;
y Overall state of risk management maturity;
y Strategic value of risk management;
y Impact of culture on risk management;
y Assignment of risk management leadership;
y Risk identification and assessment processes; Kam Pok-Man, FCMA, CGMA, Ph.D., (right) receives the CIMA
y Risk monitoring processes; Bronze Medal from Jasper Chung, ACMA, CGMA, chair of the
y Board risk oversight structure; and Hong Kong Area Committee of the Association of International
y Board reporting and monitoring. Certified Professional Accountants.

Future of Finance 2.0 research

he AICPA & CIMA Future of themes will be discussed with
TFinance 2.0 research programme, members and other finance
led by the global Research & professionals, employers, educators,
Development and Syllabus teams, is regulators, and policymakers.
building on the 2019 Re-inventing For more information, contact the
Finance for a Digital World white paper. Future of Finance research team at
The research is now entering the FutureofFinance@aicpa-cima.com. Re-inventing
roundtable phase, where emerging finance for
a digital world
The future of finance

34 I FM MAGAZINE I September 2021
34 I FM MA G AZINE I Oct ober 2022