Trends in risk-disclosure practices of South African listed companies
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Date
2015-02-05
Authors
Raemaekers, Kim
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Abstract
This research examines trends in risk-disclosures in the annual reports of companies which
have a primary listing on the Johannesburg Stock Exchange [JSE]. A risk-disclosure checklist,
based on the relevant academic and professional literature, was developed by the researcher
and used to quantify changes in the frequency of risk-disclosures from 2010 to 2012. The
research also examines the extent to which information is integrated in the annual reports under
review, identifying weaknesses for the attention of preparers and users of such reports. Results
suggest that there has been an increase in the quantum of risk-disclosure and an increased
awareness of the importance of complementing traditional financial reporting with a more
comprehensive review of organisations’ key risks and their sustainability in the short-, mediumand
long-term. In some cases, however, the added risk-disclosure comes with repetition, the
inclusion of generic risk information, and a lack of integration between risk-based disclosures
and other key financial and non-financial metrics.
Description
Thesis (M. Com. (Accountancy))--University of the Witwatersrand, Faculty of Commerce, Law and Management, School of Accountancy, 2014.