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:
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