Re‐assessing 21st century risk: the reaction to risky financial reporting – the rise and rise of cash

Abstract

The author argues that the lasting impact of accounting scandals in American companies is that increasingly CFOs, treasurers and senior members of companies worldwide will turn to cash as the key to assessing the worth of corporates and assessing the risk of investment decisions.

Citation

Purr, J. (2004), "Re‐assessing 21st century risk: the reaction to risky financial reporting – the rise and rise of cash", Balance Sheet, Vol. 12 No. 1, pp. 18-21. https://doi.org/10.1108/09657960410698910