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No surprises: the case for better risk reporting

No surprises: the case for better risk reporting This position paper from the Financial Reporting Committee of The Institute of Chartered Accountants in England and Wales provides an update on the latest thinking on risk management within the corporate environment. It argues that directors should provide more information about their risk management strategies and suggests that as directors do not worry about disclosing such information in prospectuses they should not worry about providing it in mainstream financial reporting. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Balance Sheet Emerald Publishing

No surprises: the case for better risk reporting

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Balance Sheet , Volume 10 (4): 4 – Dec 1, 2002
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Publisher
Emerald Publishing
Copyright
Copyright © 2002 MCB UP Ltd. All rights reserved.
ISSN
0965-7967
DOI
10.1108/09657960210450745
Publisher site
See Article on Publisher Site

Abstract

This position paper from the Financial Reporting Committee of The Institute of Chartered Accountants in England and Wales provides an update on the latest thinking on risk management within the corporate environment. It argues that directors should provide more information about their risk management strategies and suggests that as directors do not worry about disclosing such information in prospectuses they should not worry about providing it in mainstream financial reporting.

Journal

Balance Sheet – Emerald Publishing

Published: Dec 1, 2002

Keywords: Risk; Financial reporting; Disclosure

References

  • Operating and Financial Reviews
    Accounting and Standards Board (ASB)
  • Reporting the Substance of Transactions
    Accounting Standards Board (ASB)
  • Segmented Reporting
    Accounting Standards Board (ASB)
  • Capital Instruments
    Accounting Standards Board (ASB)
  • Related Party Disclosures
    Accounting Standards Board (ASB)
  • Derivatives and Other Financial Instruments: Disclosures
    Accounting Standards Board (ASB)
  • Provisions, Contingent Liabilities and Contingent Assets
    Accounting Standards Board (ASB)
  • Financial Reporting of Risk – Proposals for a Statement of Business Risk
    Institute of Chartered Accountants in England and Wales (ICAEW)
  • No Surprises – The Case for Better Risk Reporting
    Institute of Chartered Accountants in England and Wales (ICAEW)
  • Internal Control: Guidance for Directors on the Combined Code
    Institute of Chartered Accountants in England and Wales
  • Prospective Financial iInformation: Challenging the Assumptions
    Institute of Chartered Accountants in England and Wales (ICEAW)