Now showing 1 - 3 of 3
  • Publication
    How unlucky is 25-Sigma?
    (University College Dublin. School of Business. Centre for Financial Markets, 2008-03-24) ; ; ;
      1052
  • Publication
    Audit quality and inspection in the Netherlands: The importance of an intellectual approach to experiential learning and practice advancement
    (Amsterdam University Press, 2018-03-12) ; ;
    Recent reported failings of audit practice and the extent of fines and sanctions issued against major audit firms in the Netherlands have resulted in severe criticism of the Dutch accounting profession. This paper contemplates how a noted Dutch tradition of excellence in auditing has shifted to one dominated by notions of inadequacy. It considers the content of AFM inspection reports, analyses various elements of the profession’s response to the criticisms being made of the quality of auditing, reflects on the scale and nature of identified problems, assesses the implications for the standing and future development of the auditing profession in the Netherlands and explores the scope for meaningful experiential learning and practice advancement.
      364
  • Publication
    How unlucky is 25-Sigma?
    (Euromoney Institutional Investor, 2008) ; ; ;
    This article examines the likelihood of high-sigma loss events, paying particular attention to the so-called 25-sigma events which a number of financial institutions have allegedly experienced in the recent financial turmoil. The authors discuss several well-known cases and their media coverage, and then examine the probabilities of such events and the periods of time that would elapse before one would expect to witness them. They find that 25-sigma events are far less likely to occur than recent discussions would suggest--so much so, in fact, that they are literally incredible.
    Scopus© Citations 20  1079