Balance Sheet: Volume 12 Issue 1
Table of contents
Re‐assessing 21st century risk: assessing risk in financial institutions – facing up to the banana skins
David LascellesEvery year the think‐tank, the Centre for the Study of Financial Innovation, produces a survey which highlights the major areas of risk which financial institutions are worried…
Re‐assessing 21st century risk: 21st century trends in risk management – board level decisions set the agenda
Chris MundyThrough the 1990s board level risk was the key area of attention. But, the author argues, the events of 9/11 changed all that. Now the focus has moved, first to hazard risk…
Re‐assessing 21st century risk: the reaction to risky financial reporting – the rise and rise of cash
Jon PurrThe author argues that the lasting impact of accounting scandals in American companies is that increasingly CFOs, treasurers and senior members of companies worldwide will turn to…
Basel 2: the risk to the global consensus
Sheenagh Gordon‐HartBasel 2 has been the subject of intense debate amongst bankers around the world. It will replace the original Basel Accord of 1988, but unlike the latter it looks as if the new…
Integrity risk and financial reporting: who pays for voting?
George LittlejohnThere have been many efforts at improving corporate governance in the last few years following the spate of American corporate scandals. The reforms have resulted in the focus now…
Accounting in three dimensions: a case for momentum
Eric MelseTo this day, triple‐entry accounting and momentum accounting are seldom applied. We regret this because of the growing need for more forward‐looking information by management and…
New accounting guidance for variable interest entities: will the new rules reduce the risk?
Arlette Wilson, Jefferson JonesSpecial purpose entities, generally known as SPEs, have been the bane of everyone in the risk management and the asset management business. But they can also be extremely useful…