Accounting’s Operational-Risk Missing Link

Accounting’s Operational-Risk Missing Link A void that limits the influence of risk management and, at worst, increases the probability of unexpected losses. It is sound accounting practice to adjust accounting profits for expected future losses associated with the...

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We are constituting our founding Risk Accounting Standards Board (RASB) that will also function as our non-profit’s board of directors. If you are interested in serving in this capacity please write to me in confidence at peter.hughes@serraq.org or call me on +44 7766...

Non-Financial Risks: Developments in Accounting

Risk and control self-assessment and operational risk loss databases provide the foundation for a new branch of accounting focused on non-financial risks We intuitively understand accounting measures such as profit or equity. The corporate world places great reliance...

RegTech applied to enterprise risk management (ERM)

Peter Hughes comments on ongoing research, which he is leading at the Durham University Business School, into new methods and systems aimed at identifying, quantifying, aggregating and reporting non-financial enterprise risks and the implications for evolving RegTech...

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