Addressing enterprise risk management in Iraqi commercial banks based on the effectiveness of accounting information
Accounting information systems play a pivotal role in the structural organization of banks, despite not being the most significant aspect, owing to the sensitive nature of banking operations. They are characterized by several key factors: the central focus on handling money with extreme caution, especially as banks primarily manage depositors' funds; the profound impact of banks on the state's economy, making effective management vital for adapting to changes; and the multifaceted nature of banking activities that require professionalism and speed. Effective accounting information systems are essential for a bank's success, enhancing its competitiveness, adaptability to technology, and response to economic changes. Given the sensitive nature of banking, Enterprise Risk Management (ERM) takes center stage. ERM involves planning, organizing, analyzing, evaluating, and reporting on various risks, including financial, operational, strategic, and reputational risks. Effective IT governance is essential, providing greater control over ERM and delivering benefits through the utilization of accounting information systems. It ensures efficient investment, risk reduction, flexibility in information systems, oversight, user validation, and data control to meet evolving needs effectively.