Integration of risk controlling into controllership in Germany:Conceptual framework and empirical findings from 2003 to 2007

Risk in the sense of potential negative outcome is inherent to managerial action. In the lastdecade, an increasing focus has been put in theory as well as practice on the conceptual designof risk management and risk controlling systems, even though no clear concept exists up tonow on how a risk controlling should be integrated into the existing controllership structures.Our paper addresses this research gap (1) by comprising the existing literature on risk controllingto a comprehensive conceptual framework and (2) by comparing this framework to a reviewon the empirical status-quo of risk controlling practice in German organizations from2003-2007.The framework is organized along the functional structure of German controllership, whichcomprises tasks in the fields of planning, reporting, performance measurement, accounting informationtechnology and administration of the....