RiskMetrics Group’s IRAPs - A Library of Red Flags
Through a rigorous and proprietary forensic accounting research process, our Financial Research and Analysis team of analysts have achieved 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. We have harnessed this knowledge capital into a library of industry red flags, called the Industry Risk Assessment Profile (IRAP) Library, which is an accounting risk assessment resource for over 60 discrete industry sub-sectors globally. The unique perspective we provide in this list is at the intersection of accounting and risk in the capital markets. 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. The industry-specific approach with global perspective provides descriptions of the issues, as well as references to related research and a complete checklist for those who desire full financial statement analysis. Benefits of IRAP Library
Who Benefits From The IRAP Library? RiskMetrics Group’s IRAP Library provides a high-impact and mission-critical resource and training tool for a broad range of constituents in the financial services, professional services, and regulatory and educational communities. A fundamental requirement for any financial training program, the IRAP Library is a critical tool for the following sectors:
IRAPs include the following key features:
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