As the world around us becomes more complex, we will need to gear ourselves up to the challenges. Critical in this context will be building up of skills and expertise and continuing research and education in these areas. Accountants, in particular, have to move beyond the narrow considerations of accounting standards and continuously seek answers.
This is not to suggest that they should not work within the accepted conceptual framework for risk management but that they should be proactive to emerging risks within the parameters of the framework.