ABSTRACT
As organizations adopt newer technologies, their risk management professionals, including accountants and auditors, face many challenges. This study examines whether and how organizations proactively address the risks involved with one important newer technology—social technology—through the use of preventive controls. Although some organizations strategically address risks of social technology, such as its rapid spread and the ability for external factors to negatively impact an organization’s reputation, operations, or finances, other organizations wait until a problem develops before considering these risks. Guided by the Integrated Social Technology Strategy and Risk Management Framework (Lenk, Krahel, Janvrin, and Considine 2019), we conduct a survey of 160 risk professionals to identify what determinants are associated with instituting preventive social technology control activities in their own organizations. Results suggest that both social technology strategy selection and implementation factors may influence whether organizations institute preventive controls for social technology risks.
Data Availability: Data are available from last author upon request.
