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High-quality business reporting is at the heart of strong and sustainable organizations, financial markets, and economies. It allows organizations to present a cohesive explanation of their business and helps them engage with internal and external stakeholders, including customers, employees, shareholders, creditors, and regulators, while also promoting better internal decision making. Professional accountants are integral to all phases of organizational reporting. Read More
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ICAEW's Financial Services Faculty recommends that financial services regulators adopt the principles laid out in this document, recognising that there will be a balance of emphasis between them.
The IFRS Foundation holds regional 'train the trainers' workshops, in co-operation with regional professional associations and the world's development agencies, to build capacity for the implementation of the IFRS for SMEs, particularly in developing and emerging economies.
PwC has selected some real life examples of good practices in reporting. They meet the key criteria identified in its ntegrated reporting framework and they are valued by investors and other stakeholders.
XBRL International is a not-for-profit consortium of over 600 companies and agencies worldwide working together to build the XBRL language and promote and support its adoption. The consortium members meet regularly at international conferences, conduct committee work regularly via conference calls, and communicate via email and phone calls throughout the week. This collaborative effort began in 1998 and has produced a variety of specifications and taxonomies to support the goal of providing a standard, XML-based language for digitizing business reports in accordance with the rules of accounting in each country or with other reporting regimes such as banking regulation or performance benchmarking.
ICAEW’s guidance to assist assurance practitioners engaged to perform work on submission to, or compilation of, benchmarks, indices and independent price reports.
The International Integrated Reporting Council (IIRC) is a global coalition of regulators, investors, companies, standard setters, the accounting profession and NGOs. Together, this coalition shares the view that communication about businesses’ value creation should be the next step in the evolution of corporate reporting.
AICPA's Financial Reporting Center helps CPAs meet the challenges of providing high quality financial reporting. The Center provides resources for the entire financial reporting process
September 12, 2014 - Accounting Today
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