ABSTRACT

This conclusion presents some closing thoughts on the concepts discussed in the preceding chapters of this book. The book illustrates how risk is pertinent to many aspects of governance and to financial and management accounting. It discusses the great scope for future research in the area of accounting and risk. The book suggests ideas for both fundamental and empirical research in each of the areas of financial accounting, management accounting, governance and auditing. It summarizes financial accounting and auditing researchers can access a wealth of risk-related themes that provide opportunities for both quantitative and qualitative research. The book concludes with financial accounting, the research topics that are of potential relevance to management accounting researchers and also incorporate risk considerations are very extensive. Despite the encouragement of narrowly focused research agendas and increased specialisation amongst academics, it is also useful to note the strong interdependencies between research themes in financial and management accounting.