Approaches to dealing with risk and uncertainty:
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Toronto
Canadian Inst. of Chartered Accountants Studies and Standards
1990
|
| Schriftenreihe: | Research report
|
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | XXIII, 132 S. |
| ISBN: | 0888002270 |
Internformat
MARC
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Datensatz im Suchindex
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|---|---|
| adam_text | TABLE OF CONTENTS
Page
PREFACE ix
EXECUTIVE SUMMARY xi
Chapter
1 INTRODUCTION
Objectives and Scope 1
The Need for Improved Reporting 2
User and Preparer Attitudes Towards Risk 3
Initiatives by the Accounting Profession in Canada 4
Initiatives by the Accounting Profession in the United States... S
Regulatory Initiatives in Canada and the United States 6
Bridging the Gap 8
Applicability of this Report 10
A Leadership Role for the CICA 11
2 RISK: MEASUREMENT AND MANAGEMENT
Nature of Risk 13
Measures and Indicators of Risk 15
Values of specific ratios associated with financial risk 16
Amount of volatility or variability in operations 17
Amount of volatility or variability in financial results
or transaction flows 17
Amount of imprecision due to use of estimation in
preparing financial reports 18
The way in which a market values a set of risky choices 19
Relationship between a stock s market price and
the prices of other stocks 20
Degree of danger or hazard in a choice 22
The way in which a risk averse decision maker reacts
to a set of choices 22
Numerical or verbal expressions about the likelihood
of an outcome 23
Statistical measures of variability 24
Chapter Page
2 RISK: MEASUREMENT AND MANAGEMENT
(continued)
Risk Management 27
Sources of risk 27
Assessing the impact 27
Strategies for managing risk 29
Summary 34
3 RISK, UNCERTAINTY, AND FINANCIAL REPORTING
Risk Stems from Uncertainty 37
Risk and Uncertainty are Affected by New Information 39
Barriers to Producing New Information 41
The Goal of Financial Reporting 42
Classes of Uncertainty that Financial Reporting can Address... 44
Application to General Purpose Financial Statements 48
4 UNCERTAINTY ABOUT THE NATURE
AND ROLE OF FINANCIAL STATEMENTS
The Issues 51
Discussion 52
Recommendations 55
5 UNCERTAINTY ABOUT THE NATURE
OF BUSINESS OPERATIONS
The Issues 59
Discussion 60
Recommendations 62
6 UNCERTAINTY DUE TO LIMITATIONS OF FINANCIAL
STATEMENT MEASUREMENTS AND DISCLOSURES
Introduction 69
Limitations of Methods Used to Measure
Current Position and Past Results 69
Discussion 70
Recommendations 73
Incompleteness of Information Disclosures 76
Discussion 76
Recommendation 78
Chapter Page
6 UNCERTAINTY DUE TO LIMITATIONS OF FINANCIAL
STATEMENT MEASUREMENTS AND DISCLOSURES
(continued)
Limitations of Methods to Address Contingencies 83
General contingencies 83
Recommendation 88
Uninsured risks and unasserted claims 90
Recommendation 91
Illegal acts 93
Recommendation 96
Business failure 96
Recommendation 99
Weaknesses in Understandability of Information Disclosures .. 100
Discussion 100
Recommendations 101
Limitations of Methods Used to Audit Financial Information .. 101
Discussion 102
Recommendation 102
7 UNCERTAINTY ABOUT MANAGEMENT S
MOTIVES AND INTENTIONS
The Issues 107
Discussion 110
Recommendation 112
GLOSSARY OF TERMS 115
|
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| indexdate | 2024-07-09T18:18:06Z |
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| isbn | 0888002270 |
| language | English |
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| publisher | Canadian Inst. of Chartered Accountants Studies and Standards |
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| series2 | Research report |
| spelling | Boritz, Jefim Efrim Verfasser aut Approaches to dealing with risk and uncertainty J. E. Boritz Toronto Canadian Inst. of Chartered Accountants Studies and Standards 1990 XXIII, 132 S. txt rdacontent n rdamedia nc rdacarrier Research report Rapports du vérificateur-comptable - Normes - Canada Risque États financiers États financiers - Normes - Canada Disclosure in accounting Financial statements Risk HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=008035507&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Boritz, Jefim Efrim Approaches to dealing with risk and uncertainty Rapports du vérificateur-comptable - Normes - Canada Risque États financiers États financiers - Normes - Canada Disclosure in accounting Financial statements Risk |
| title | Approaches to dealing with risk and uncertainty |
| title_auth | Approaches to dealing with risk and uncertainty |
| title_exact_search | Approaches to dealing with risk and uncertainty |
| title_full | Approaches to dealing with risk and uncertainty J. E. Boritz |
| title_fullStr | Approaches to dealing with risk and uncertainty J. E. Boritz |
| title_full_unstemmed | Approaches to dealing with risk and uncertainty J. E. Boritz |
| title_short | Approaches to dealing with risk and uncertainty |
| title_sort | approaches to dealing with risk and uncertainty |
| topic | Rapports du vérificateur-comptable - Normes - Canada Risque États financiers États financiers - Normes - Canada Disclosure in accounting Financial statements Risk |
| topic_facet | Rapports du vérificateur-comptable - Normes - Canada Risque États financiers États financiers - Normes - Canada Disclosure in accounting Financial statements Risk |
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