In a rapidly developing environment based on client demands and technological advances, the need for risk management is crucial now more than ever. ARMOR was developed to assist accountants in practice to identify, manage and mitigate day to day operational risks in running a professional accounting practice. based on my experience of advice and reviews of accounting practices in Australia, it is clear that there was no common approach or resource to review and manage risk within the business effectively. As a result, this is an area often overlooked by practitioners due to the ongoing focus of client demands. ARMOR assists accountants by providing appropriate and professional advice to cater for risk identification and providing specific solutions and implementation to manage and overcome identified risk areas.
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