As the venture capital industry matures and competition increases, understanding the processes by which entrepreneurs select venture capitalists will become increasingly important. Empirical work suggests that awareness of venture capital firms is still low and that the specialist financial and...

This paper critically reviews the evolution of financial reporting in the banking sector with specific reference to the reporting of market risk and the growing use of the measure known as Value at Risk (VaR). The paper investigates the process by which VaR became 'institutionalised'. The...

In 1998 the Accounting Standards Board (ASB) published FRS 13, 'Derivatives and other Financial Instruments: Disclosures'. This laid down the requirements for disclosures of an entity's policies, objectives and strategies in using financial instruments, their impact on its risk, performance and...

Grahame Boocock and Margaret Woods are Lecturers in Banking and Finance, andFinancial Management, respectively at Loughborough University Business School,England. The paper examines how venture fund managers select their investeecompanies, by exploring the evaluation criteria and the decision...

This paper explores how regulatory relationships in the global audit arena are being affected by the current financial crisis. Key policy initiatives and debates are analyzed, along with institutional interactions, in particular between the International Federation of Accountants (IFAC),...

Purpose – The purpose of this paper is to review the way in which auditing issues have been raised and addressed during the credit crunch and developing global financial crisis. Design/methodology/approach – Analysis is based on a review of the academic auditing literature, regulatory and...