Assessing the Impact of Risk Reporting on Enhancing the Performance Evaluation of Economic Units

The purpose of this study is to quantify how risk reporting enhances the process of economic units' performance assessment.  The descriptive analytical approach was chosen in order to solve the research problem and accomplish its goals.  Employees of auditing offices, internal control departments, risk management departments, and accountants were among the sample members who received a total of 60 questionnaires.  The study hypotheses were examined using the basic linear regression model.  The research came to the conclusion that in order for economic units to remain independent, they need to set up a risk management department that answers directly to the board of directors or upper management.  Before beginning the performance review of economic units, it also underlined how crucial it is that auditors comprehend the ideas of the applicable accounting system, the kinds and sources of hazards, and how to minimize them.