Read more
To date, there has been little consideration of the many different ways in which accounting and risk intersect, despite organisations being more determined than ever to build resilience against potential risks. This comprehensive volume overcomes this gap by providing an overview of the field, drawing together current knowledge of risk in a wide range of different accounting contexts.
Key themes such as corporate governance, trust, uncertainty and climate change are covered by a global array of contributing scholars. These contributions are divided into four areas:
The broader aspects of risk and risk management
Risk in financial reporting
Risk in management accounting
Risk monitoring
The book is supported by a series of illustrative case studies which help to bring together theory and practice. With its wealth of examples and analyses, this volume provides essential reading for students, scholars and practitioners charged with understanding diverse facets of risk in the context of accounting in the business world.
List of contents
1. Introduction
Philip Linsley and Margaret WoodsPart I: Risk in Context 2. A historical perspective on risk management
Mark Billings3. Risk tools and risk technologies
Beth Kewell and Philip Linsley4. Insights into corporate governance and risk: exploring systems from Germany, the United States and the United Kingdom
Anthony Devine and Philip ShrivesPart II: Financial reporting and risk5. Financial reporting risks in relation to financial instruments
Chu Yeong Lim and See Liang Foo6. Risk reporting
Mahmoud Marzouk,
Philip Linsley and Shraddha Verma 7. Risk in government outsourcing and risk-sharing: rhetoric or reality?
Carolyn Cordery8. Carbon risk management in a regulatory context: the case of New Zealand
Binh BuiPart III: Management accounting and risk9. Supporting decision-making under uncertainty: the management accountant as risk manager
Gillian Lees 10. Risk and performance management: two sides of the same coin?
Tommaso Palermo11. Incorporating risk considerations into planning and control systems: the influence of risk management value creation objectives
Christopher D. Ittner and Thomas Keusch 12. Risk reporting to the board of directors
Regine Slagmulder 13. Supply chain quality risk: a food industry perspective
Ying Kei Tse and Minhao Zhang 14. Institutional work and embedded agency: the institutionalization of enterprise risk management in a large, global, oil and gas company
Anita Meidell and Katarina KaarbøePart IV: Risk monitoring15. Over-compliance and the conformity trap
Gregory B. Vit16. Monitoring Shariah non-compliance risk in Islamic banking institutions
Nunung N. Hidayah17. Technology and business risks
Kirstin Gillon18. Failed decision-making at Dexia?: a lack of integrated risk culture
Peter Verhezen and Marie Gemma Dequae19. Future research in accounting and risk
Margaret Woods and Philip Linsley
About the author
Margaret Woods is Emeritus Professor of Accounting and Risk at Aston Business School, Aston University, UK. Founder of the European Risk Research Network, her extensive publications on risk particularly have attracted international media interest. Her book of case studies,
Risk Management in Organizations, was published in 2011.
Philip Linsley is Professor of Accounting and Risk at the York Management School, University of York, UK. His research interests are risk-related and include investigating risk disclosure, and risk and culture. He is particularly interested in applying the ideas of Mary Douglas to the accounting field.
Summary
Accounting for risk has taken on dramatically increasing importance since the onset of the global financial crisis. This comprehensive volume provides an overview of the entire field. Key themes such as corporate governance, trust, pensions, uncertainty and Islamic finance are covered by a global array of contributing s
