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Risk Accounting

Peter J Hughes

$65.95   $55.92

Paperback

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English
Grosvenor House Publishing Ltd
27 July 2023
In recent decades we've seen how non-financial risks such as operational, cyber, model, conduct, climate change and many others have grown exponentially both in their size and complexity. We've also seen how devastating unexpected losses can be for a business; they're a CEO's and CFO's worst nightmare. It's a frequently overlooked fact that an unexpected financial loss must have previously existed as an unquantified and unreported exposure to non-financial risk. It follows that if the threat of unexpected losses is to be minimized accountants and risk managers must refocus their methods and systems onto the quantification and accounting for non-financial risks. Risk Accounting explains, with worked examples, how this can be done. Risk Accounting transforms color-coded (traffic light) risk assessments into aggregatable and comparable cross-enterprise risk diagnostics and, through accounting for the financial impacts inherent in quantified non-financial risks, backward-looking accounting profit is upgraded to forward-looking sustainability as the primary accounting measure of corporate performance.

By:  
Imprint:   Grosvenor House Publishing Ltd
Country of Publication:   United Kingdom
Dimensions:   Height: 229mm,  Width: 152mm,  Spine: 20mm
Weight:   496g
ISBN:   9781803815107
ISBN 10:   1803815108
Pages:   336
Publication Date:  
Audience:   General/trade ,  ELT Advanced
Format:   Paperback
Publisher's Status:   Active

Peter Hughes is the creator of the Risk Accounting method, founding chairman of the Risk Accounting Standards Board (RASB) and a visiting fellow at the Durham University Business School where he leads research into risk-based accounting methods and systems. He has been granted lifetime membership of the Institute of Chartered Accountants in England and Wales. He was formerly a banker with JP Morgan Chase (Chase Manhattan Bank) where, during a 25-year career, he occupied country, regional and global executive roles in finance, operations, risk management, treasury & trading and internal audit.

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