ACCOUNTING RESPONSIBILITY - ENHANCING ITS ROLE IN RISK MANAGEMENT - AN EMPIRICAL STUDY OF A TRADE BANK OF IRAQ

Management accounting is one of modern social science, and accounting that will help the administration in each of the planning, control and performance evaluation and to take appropriate administrative decisions, which are supported, based on information extracted from the accounting information system in the enterprise (Hussein, 2000.132). Under the development of economic and industrial growth, which led to the large size of the facility, which in turn led to the expansion of the organizational structure, it became difficult for the facility management to take all administrative decisions related to their work, so it has become a need to delegation of authority lower administrative levels, and determining their responsibilities by working on the basis of the decentralization system and activate the sectoral integration system and accountability these levels for business results within the limits of its responsibilities. The division of activities and distribute them to positions of responsibility also makes it easier determine the risks faced the administration and distributed to those centers which facilitates risk diagnosis process, and thus the accounting responsibility can be approach for the risk management.