Professor Michael Power

Professor of Accounting

Research Theme Director of the ESRC Centre for the Analysis of Risk and Regulation (CARR) at LSE. Educated at St Edmund Hall, Oxford and at Girton College Cambridge; a Fellow of the Institute of Chartered Accountants in England and Wales (ICAEW) and an Associate member of the UK Chartered Institute of Taxation. Visiting fellow at the Institute for Advanced Study, Berlin and at All Souls College, Oxford (2000). 

Research interests

• The role of internal and external auditing in corporate governance
• Internal control systems, operational risk management, errors and risk reporting
• Auditability, transparency and accountability; financial regulation and financial reporting
• Organisations, regulation and standardisation
   
• Full CV

Publications

Recent books

• Organized Uncertainty: Designing a World of Risk Management (Oxford University Press, 2007). Click here for more details.
   
• (with B.Hutter) Organizational Encounters with Risk (Cambridge University Press, 2005). Click here for more details.
   
• The Risk Management of Everything (London: Demos, 2004)
   

• The Audit Society: Rituals of Verification (Oxford University Press, 1997; second paperback edition 1999). Translated into Italian, Japanese and French.

Recent articles

• Corporate Governance, Reputation and Environmental Risk, Environment and Planning C: Government and Policy 24, 2007.
   

• (with K. Sahlin-Andersson, K. Soin and T. Scheytt) Editorial: Risk, Regulation and Organizations, Journal of Management Studies (2006) 43(6): 1331-1337.
   

• Business Risk Auditing – Debating the History of its Present, Accounting, Organizations and Society (2007) 32(4/5): 379-382.
   

• The Invention of Operational Risk, Review of International Political Economy (2005) 12(4): 577-599. Translated and reprinted as Die Erfindung operativer Risiken, in A. Mennicken and H. Vollmer (hrsg.) Zahlenwerk: Kalkulation, Organisation und Gesellschaft (Wiesbaden: VS Verlag, 2007), 123-142. Translated and reprinted as ‘La Invencion del Riesgo Operacional’ in A. Laviada Fernández (ed.), La gestión del riesgo operacional – De la teoría a su aplicación.
   

• The Theory of the Audit Explosion in Ferlie, E., Lynn, L. E and Pollitt, C., The Oxford Handbook of Public Management (Oxford University Press, 2005) pp.326-344.
   

• with B. Hutter, Organizational Encounters with Risk: An Introduction, in B. Hutter and M. Power (eds.) Organizational Encounters with Risk (Cambridge University Press, 2005): 1-32.
   

• Organizational Responses to Risk: the Rise of the Chief Risk Officer, in B. Hutter and M. Power (eds.) Organizational Encounters with Risk (University Press, 2005): 132-148.
   

• Counting, Control and Calculation: Reflections on Measuring and Managing, Human Relations (2004) 57(6): 765-783.
   

• Enterprise Risk Management and the Organization of Uncertainty in Financial Institutions, in K. Knorr-Cetina and A. Preda (eds.) The Sociology of Financial Markets (Oxford University Press, 2004): 250-268.
   

• Risk Management and the Responsible Organization, in R. Ericson (ed.) Risk and Morality (Toronto University Press, 2003): 145-164.
   

• Auditing and the Production of Legitimacy, Accounting, Organizations and Society (2003) 28(4): 379-394.
   

• Evaluating the Audit Explosion, Law and Policy (2003) 25 (3): 185-202.
   

• Standardization and the Regulation of Management Control Practices, Soziale Systeme  (2002) 8: 190-203.
   

• The Audit Society - Second Thoughts, International Journal of Auditing (2000) 4(1): 111-119.
   

• From Risk Society to Audit Society, Soziale Systeme (1997) 3: 3-21.

Teaching

• Office hours

Lectures / Classes

• AC340 Auditing, Governance and Risk Management
  Current students click here for course information
   
• AC412 Accountability, Organisations and Risk Management
  Current students click here for more information
   
• AC500 Accounting, Organisations and Institutions
  Current students click here for more information
   
• LL440 Corporate Accountability: Topics in Legal and Accounting Regulations
   
• FM403 Management and Regulation of Risk
  Current students click here for course information

Other web pages

• Professor Michael Power's Experts page
• Centre for Analysis of Risk and Regulation

Contact information

Department of Accounting
Room H606
London School of Economics and Political Science
Houghton Street
London WC2A 2AE

Tel: +44 (0)20 7955 7228
Fax: +44 (0)20 7955 7420

Email: m.k.power@lse.ac.uk

Administrative contact

Kerstin Huwig, k.huwig@lse.ac.uk

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