The linkages between risk management, corporate governance and management accounting, though
recent, are fast expanding. The links are many but significantly, management accounting has always
been associated with the intent of aiding enterprise decision making. Corporate governance, which as
a term came into prominence only 15 years ago, has also from the start, been associated with decision
making. In part though, the concern was initially with the obfuscation of shareholder calculations and
the consequent adverse decisions resting on potentially opaque financial information. Risk management
has likewise become central to the decision making concerns of parties both within enterprises as well as
ones outside with a stake in the welfare of the organisation