Accounting & Risk - MAN00001M

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Module will run

Occurrence	Teaching period
A	Spring Term 2022-23

Module aims

The concept of risk has received significant attention in recent years. The pervasive nature of risk has meant that it has impinged upon many disparate areas including accounting. The reasons for the dramatic rise in interest in risk and risk management will be discussed within the module, and the ways in which risk is related to the connected domains of accounting, financial reporting and auditing will be explored.

Module learning outcomes

Successful completion of the module will demonstrate that students are able to:-

• Critically discuss how risk can impact upon accounting and auditing.
• Critically discuss alternative perspectives on risk.
• Explain why risk is now deemed an important concept in accounting.

Module content

Subject content

• The rise of risk and risk management

• Alternative perspectives on risk (for example, Beck and The Risk Society, Douglas and neo-Durkheimian institutional theory

• Risk reporting and risk disclosure

• The impact of risk upon the practice of accounting, auditing

• Risk and accounting and auditing regulation

• Case studies (e.g. Enron, Northern Rock)

Indicative assessment

Task	% of module mark
Essay/coursework	100

Special assessment rules

None

Indicative reassessment

Task	% of module mark
Essay/coursework	100

Module feedback

The timescale for the return of feedback will accord with UYMS policy

Indicative reading

Woods, M., Kajuter, P. and Linsley, P. (2007) International Risk Management: systems, Internal Control, and Corporate Governance. Elsevier.