Announcement: SOA congratulates the new FSAs for September 2024.
Announcement: SOA releases July 2024 Exams FAM, FAM-L, and FAM-S passing candidate numbers.
SEC-regulated companies are required to disclose their key risks in Section 1A of their annual 10K filings. But how good are these risk disclosures? In this session, we share some early results of an in-depth research study analyzing and comparing the quality of several companies’ risk disclosures. We discuss the criteria that define the quality of risk disclosures and the characteristics within each criterion that differentiate between the best and worst disclosures. The analysis relies on the principles of value-based enterprise risk management, which is a synthesis of ERM and value-based management. We’ll also provide a sneak peek at partial early results of the research as applied to several companies to reveal how the quality of risk disclosures varies between them.
Learning Outcomes:
Attend this session and you’ll be able to:
Define quality criteria of risk disclosures.
Differentiate between the best and worst risk disclosures characteristics.
Improve your own firm’s risk disclosures.
Determine to what extent risk disclosure quality varies between a sample of companies.
Track: Protecting Long-Term Economic Progress
1.20 SOA CPD
1.00 CIA