This paper critically reviews the evolution of financial reporting in the banking sector with specific reference to the reporting of market risk and the growing utilisation of the measure known as Value at Risk (VaR). The paper investigates the process by which VaR became 'institutionalised'....

This paper reviews the way in which auditing issues have been raised and addressed during the credit crunch and developing global financial crisis. Analysis is based on a review of the academic auditing literature, regulatory and audit reports, together with articles from the financial press....

The increasing adoption of international accounting standards and global convergence of accounting regulations is frequently heralded as serving to reduce diversity in financial reporting practice. In a process said to be driven in large part by the interests of international business and global...

Purpose – The purpose of this paper is to review the way in which auditing issues have been raised and addressed during the credit crunch and developing global financial crisis. Design/methodology/approach – Analysis is based on a review of the academic auditing literature, regulatory and...

This paper critically reviews the evolution of financial reporting in the banking sector with specific reference to the reporting of market risk and the growing use of the measure known as Value at Risk (VaR). The paper investigates the process by which VaR became 'institutionalised'. The...

This paper critically reviews the evolution of financial reporting in the banking sector with specific reference to the reporting of market risk and the growing use of the measure known as Value at Risk (VaR). The paper investigates the process by which VaR became 'institutionalised'. The...