No surprises: the case for better risk reporting

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.

Citation

(2002), "No surprises: the case for better risk reporting", Balance Sheet, Vol. 10 No. 4, pp. 18-21. https://doi.org/10.1108/09657960210450745