Risk management and management accounting control systems in public sector organizations: a systematic literature review

Bracci, E., Mouhcine, T., Rana, T. and Wickramasinghe, D. (2022) Risk management and management accounting control systems in public sector organizations: a systematic literature review. Public Money and Management, 42(6), pp. 395-402. (doi: 10.1080/09540962.2021.1963071)

Abstract

While it is becoming pervasive and unavoidable in every organization, risk management (RM) interacts with control systems in public sector organizations (PSOs). This article presents a literature review showing that PSOs design and implement risk-based control systems arbitrarily. This leads to the issue of appropriate integration of RM in management accounting and control systems (MACS). Despite the importance of integrated RM, the existing literature shows that issues of RM are not well integrated at the MACS level, and that a radical cultural shift is still required in PSOs. Future RM studies must provide empirical data about integration in practice.

• Item Type: Articles
• Status: Published
• Refereed: Yes
• Glasgow Author(s) Enlighten ID: Wickramasinghe, Professor Danture
• Authors: Bracci, E., Mouhcine, T., Rana, T., and Wickramasinghe, D.
• College/School: College of Social Sciences > Adam Smith Business School > Accounting and Finance
• Journal Name: Public Money and Management
• Publisher: Taylor & Francis
• ISSN: 0954-0962
• ISSN (Online): 1467-9302
• Published Online: 23 August 2021
• Copyright Holders: Copyright © 2021 Informa UK Limited, trading as Taylor and Francis Group
• First Published: First published in Public Money and Management 42(6): 395-402
• Publisher Policy: Reproduced in accordance with the publisher copyright policy