Balance Sheet: Volume 11 Issue 1
Table of contents
Accounting standards – a new era
David DamantThe author analyses the recent history of financial reporting and shows that its complexities are inevitable. He sets out the basis for a fair value model stemming from a…
Liabilities and how to account for them
Andrew LennardThis is an extract from an exploratory essay on liabilities and how to account for them written by Andrew Lennard, Director of Operations at the Accounting Standards Board in…
Enron’s hedging scheme: what went wrong?
Arlette Wilson, Walter CampbellThe authors look at the way in which Enron used hedging techniques before the corporate collapse of the organization triggered a crisis of confidence in US business practices and…
Hedge funds – the way forward?
Bridget Barker, Bridget HuiThe growth in popularity of hedge funds has led UK regulators to put forward ways of protecting investors. Here the authors, from a noted law firm in the City of London, set out…
Rethinking regulatory risk: a strategy for the UK and global corporate governance
Neil GerrardUK companies face an increasingly aggressive regulatory environment. A recent study by the LSE shows that UK directors are ill‐equipped to deal with increasing regulatory risk…
Paying for the value of well governed companies
David WattsResearch carried out by KPMG shows that a growing number of asset managers are seeking out high standards of governance as the criteria for their risk‐management assessment of a…
Risk adjusted performance measures and capital allocation
David ShawRisk adjusted performance measurement can be a difficult and expensive goal to get right or improve even with everyone supportive within the institution. If this measurement is…
The FSA Integrated Prudential Sourcebook – a walk through
Patrick Fell, Máiréad DevineOver the next few years the regulation of financial services companies by the Financial Services Authority in the UK will move to a single system of risk‐based supervision. The…