Business, Management and Accounting
6 years ago

Transparent risk reporting revolutionizes financial statements for informed decision-making.

Proceedings of the ... International Conference on Business Excellence
Enhancing quality of information through risk reporting in financial statements
Mirela Nichita

Paper Summary

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The article discusses how including risk information in financial statements can improve decision-making. It explains that effective risk management involves assessing, evaluating, treating, and reporting risks to be prepared for negative events. The goal is not to avoid risk, but to understand and measure it for mitigation. The paper also touches on the importance of transparent reporting and balanced risk management processes.