On 29 June 2017, the Institute of Chartered Accountants England and Wales ("ICAEW") published a report on the future of corporate reporting.

The report highlights five key policy questions which the ICAEW considers should be addressed to ensure progress in corporate reporting. These are:

  • clearly defining the objectives and beneficiaries of corporate reporting;
  • considering how and to what extent companies should seek to meet the demands of different stakeholders in its reporting;
  • developing ways to achieve consistency and credibility in corporate reporting;
  • prioritising ways that various intangible elements can best be reflected on companies' balance sheets and results; and
  • considering how and to what extent data and technology can be used to improve the quality of corporate communications.

The full text of the report is available here:

https://www.icaew.com/en/technical/financial-reporting/information-for-better-markets/what-next-for-corporate-reporting

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.