In a survey of internal auditors, focused primarily on US based companies, Beasley et al.
(2005) found that only forty eight per cent of the 174 respondents had at least a partial ERM system in place in their companies and a further one third were planning to implement ERM in the future. Beasley’s findings need to be viewed with caution because the survey response rate was only 10%, and the majority of respondents were from large US corporations with annual sales in excess of $1.3 billion. There is therefore a danger in gener alising up from such results, but they none the less offer some indications that the adoption of ERM is still in its relatively early stages.