Summary |
Risk is often defined as the chance of injury, damage or loss – in finance, risk is usually, through not always, related to the volatility of the future value of a position due to changes in creditworthiness, market behavior or, more generally, uncertain events, unexpected happenings and other outliers. Accountants and auditors are confronted with challenges associated with the evaluation of risk on a daily basis.
This book gives you practical information on the most significant developments in risk management policies and practices based on extensive research in the United States, England, Germany, France, Italy, Switzerland and Sweden.
Specifically aimed at accountants, this book begins with the fundamental factors underpinning risk: volatility and uncertainty, before explaining how and why accounting, auditing and risk correlate.
This book is practical in orientation and includes many case studies to guide your hand in the new realm of accounting functions.
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