In addition, it is clear from the papers and wider discussion that the emergent category of BRA should not mislead us into thinking that it is a single thing, just as there are many variants of risk-based regulation. Peecher et al. outline a radical proposal which challenges existing practice, but other versions of BRA are more modest, seeking to improve the levels of business understanding by smaller practitioners. So ideas of BRA circulate in a highly differentiated professional milieu and the Peecher et al. approach is one among many.