On 26 October 2021 students from Poland and other countries of Central and Eastern Europe had a unique opportunity to meet virtually during the 4th edition of the University Management Accounting Day (UMAD). The event is organised by CIMA, the Chartered Institute of Management Accountants, in collaboration with the most prestigious universities of economics in the region.

We are living in a world of volatility, uncertainty, complexity and ambiguity (VUCA). Organizations are being exposed to risk from all directions – economic, social, political, technological and environmental, as well as from suppliers, customers and workforce. The competing priorities make it hard to determine on what risk to focus.