Provided through RiskMetrics Group’s CFRA Academy educational services, Industry Risk Assessment Profiles (IRAPs) deliver a consistent and compelling track record of identifying early warning signals of deterioration in company operating results -- uncovering nearly every significant accounting fraud and forewarning on pre-announcements, re-statements and securities claims.

IRAPS are a high-impact resource and training tool for assessing accounting risk across key industries

We have harnessed this knowledge capital into a library of industry red flags, called the Industry Risk Assessment Profile (IRAP) Library, providing an accounting risk assessment resource on over 60 discrete industry sub-sectors globally.

IRAPs educate investors on important accounting issues, and how the application of those issues can impact a company’s financial statements. This is especially important in today’s environment, with the recent U.S. Securities and Exchange Commission's proposed roadmap for the adoption of International Financial Reporting Standards (IFRS) in the United States. This transition will create challenges for investors as they work to analyze and compare the financial statements of U.S. companies. IRAPs can help investors understand how the IFRS and U.S. GAAP approach critical accounting issues differently in different industry sectors.

Our Industry Risk Assessment Profiles include not only US GAAP industry-specific risks, but also specific risks for those companies who report their results under International Financial Reporting Standards. This enhancement to the IRAP Red Flag Library makes it a truly global research reference tool, shedding light on those factors which must be analyzed at a company in order to get a complete picture of the health of the underlying business.

Please contact us for more information on Industry Risk Assessment Profiles.