CMA Canada's 2020 Vision document states, "major activities that will define the management accountant's role in 2020....include strategic risk management that identifies and responds to threats, challenges and opportunities; forward-looking financial and performance management fueled by: a. technology-enabled data analysis applied to a broad collection of indicators, b. increasingly agile forecasting and planning processes, and c. fact-based decision making; ......."
I agree with this idea. Risk must be critically looked at. Also, opportunities (such as changes to the law and loopholes may come into play more and more). Related to this, forward thinking and planning needs to occur ...
The details about Canada's 2020 CMA plan are broken down and explained.