Protiviti-CFO.Top Risks for 2020 · CFO Executive Perspectives on Top Risks for 2020 CFOs worldwide...

The full survey report, Executive Perspectives on Top Risks for 2020, may be accessed at erm.ncsu.edu or protiviti.com/toprisks. It includes detailed breakdowns of the results by respondent role, organization size, industry, geography and other categories.

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CFO Executive Perspectiveson Top Risks for 2020

CFOs worldwide continue to perceive significant concerns in the business environment in 2020, according to an annual survey from NC State University’s ERM Initiative and Protiviti.

CFOs perceive the overall magnitude and severity of risks for 2020 to be at the highest level among the views of all executives. In addition, CFOs see the overall environment as notably more risky compared with 2019.

CFOs view economic conditions to be a more significant risk issue than those in almost every other executive position do. (CIOs/CTOs rank this risk issue slightly higher in significance.)

Both economic conditions and regulatory changes have increased dramatically in risk significance compared to the prior year results for CFOs.

(M) = Macroeconomic (S) = Strategic (O) = Operational* Scores are based on a 10-point scale, with “10” representing that the risk issue will have an extensive impact on the organization.** Overall rank among the Total Sample across all roles and industries.

T O P 5 F I N A N C E R I S K S O F 2 0 2 0 R I S K I S S U E SCORE*

1. Economic conditions impacting growth (M) 6.96 2

2. Impact of regulatory change and scrutiny on operational 6.72 1 resilience, products and service (S)

3. Resistance to change operations (O) 6.54 5

4. Succession challenges and ability to attract and 6.48 3 retain top talent (O)

5. Cyber threats (O) 6.38 6

(OVERALLRANK)**

“The top five CFO concerns speak to the fact that CFOs are spendingmore time being strategic leaders in their organizations.” — Chris Wright, Managing Director - Global Leader, Business Performance Improvement Solution, Protiviti