The use of a deterministic numeric paradigm in auditing and accounting may well be the root cause of many current problems. This paper argues that risk-based accounting methods should start using probabilistic inputs which would show resultant distributions as output. “Stochastic accounting”...

“Who are you?” may well be the world’s most frequently asked question. On a website, in a nightclub, at an airport, or in front of a bank counter, everyone wants us to prove that we are who we say we are

“You know, comrades,” says Stalin, “that I think in regard to this: I consider it completely unimportant who in the party will vote, or how; but what is extraordinarily important is this — who will count the votes, and how.” [Boris Bazhanov, Memoirs of Stalin's Former Secretary, 1992]...

The application of the scientific paradigm to business operations transformed management thinking in the early part of the 20th century. A plethora of management theorizing since often obscures the simplicity at the core of the scientific paradigm. One approach, Environmental Consistency...

After the financial crisis we realised that the balance sheet and going concern statements of many of our major financial institutions proved wrong. The ‘Credit Scrunch’ of 2007 was a systemic failure. Interactions between elements of the system (banks, rating agencies, regulators,...

Suppliers increasingly find themselves required to put in competitive tenders in order to win business; especially public sector contracts. Indeed, large organisations of all kinds, including NGOs, increasingly require their suppliers to go through structured tendering processes. But often those...

The rise and scams of cryptocurrencies have attracted much public, academic, and economic attention. While most cryptocurrencies have already failed, less attention has been given to the long-term regulation of those that might be successful, all of which purport to be 'eternal' stores of value...

The eighth edition of the Global Green Finance Index (GGFI 8) was published on 20 October 2021. GGFI 8 provides evaluations of the green finance offerings of 80 major financial centres around the world. The GGFI serves as a valuable reference into the development of green finance for policy and...

The thirtieth edition of the Global Financial Centres Index (GFCI 30) was published on 24 September 2021. GFCI 30 provides evaluations of future competitiveness and rankings for 116 financial centres around the world. The GFCI serves as a valuable reference for policy and investment...