Risk Accounting
The Complete Guide to Quantifying and Accounting for Non-Financial Risks
RASB has successfully codified a prototype risk accounting method and system. It has been laboratory tested and is ready for live simulation primarily through proofs-of-concept carried out in organisations’ operating environments.
RASB has successfully codified a prototype risk accounting method and system. It has been laboratory tested and is ready for live simulation primarily through proofs-of-concept carried out in organisations’ operating environments.
When fully accepted, risk accounting will be an integral part of accounting and reporting systems: colour-coded ‘RAG’ (red, amber, green) assessments will be replaced by aggregatable risk analytics; expected losses associated with accepted non-financial risks will be accounted for and reported in financial statements; and the facility for organisations to underwrite and distribute accepted risks through tokenisation will be created.
This new book by Peter Hughes (RASB’s founding chairman) is available on Amazon and other reputable booksellers globally. It’s a comprehensive guide to the risk accounting method with worked examples of the method’s application and sample reports.
