These days, corporate risk management has become a major concern in the corporate world. Companies in the global environment are exposed to diverse kinds of risks that are affecting the decisions of investors and other stakeholders. Therefore, companies are expected to not only identify and manage risks but also voluntarily report the same to the stakeholders. Increasingly, standard setters and regulators are requiring firms to disclose such information. On the contrary, there also exists a perception that risk reporting can create a negative impression among the stakeholders about the future of the company. In line with such growing dilemma for risk disclosures, the issue of corporate risk reporting (CRR) has been receiving immense emphasis from the accounting academicians. The main objective of this article is to conduct a comprehensive literature review on corporate risk disclosures. In order to fulfill this objective, at first, a summary of the relevant available literature is presented to identify the current regulations on risk reporting, existing trends of CRR research and theories applied in research. Then, through analysis, several research avenues are identified. It is expected that if these dimensions are explored by the future researchers, a better and broader understanding of the risk reporting practices can be achieved.

Abstract
 1. Introduction
 2. Background of Research
  2.1. Corporate Risk Reporting (CRR)
  2.2. Risk Reporting Regulations in DifferentCountries
 3. Prior Research
  3.1. The Significance of Risk Disclosure
  3.2. Current Practice, Problems and Prospects ofRisk Disclosure
  3.3. The Determinants of Risk Disclosure
  3.4. Risk Disclosure Framework
  3.5. Regulation and Risk Reporting
 4. Theories Applied in Different Studies
 5. Research Gap and Avenues for FutureResearch
 6. Conclusion
 References

• Mohammed Mehadi Masud Mazumder(Associate Professor. Department of Accounting & Information Systems, University of Dhaka) Corresponding Author
• Dewan Mahboob Hossain(Associate Professor. Department of Accounting & Information Systems, University of Dhaka)