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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
This publication provides a general overview of the requirements of the International Financial Reporting Standard for Small and Medium-sized Entities (The IFRS for SMEs). The publication also includes discussion on the scope and applicability, considerations for entities contemplating the adoption of the standard and a comparison of the IFRS for SMEs requirements to full IFRSs.
Argues that business reporting has to change to reflect changes in business, information technology, and users’ needs. The report also addresses calls for a new reporting model for business.
Global research study among IFAC member bodies indicating that in many countries and jurisdictions progress has been made in numerous areas of governance, financial reporting, and auditing. However, the study also highlights a number of persistent and important issues that still need satisfactory solutions.
This article focuses on electronic tagging of data, XBRL, and related issues.
Addresses complexity and improving the quality of financial reporting.
Final Report of the Advisory Committee on Improvements to Financial Reporting to the US SEC
August 1, 2008 - US Securities and Exchange Committee
Provides a number of proposals to improve financial reporting.
Highlights improvements that have been made to the financial reporting supply chain in recent years and identifies areas for further improving the usefulness of financial reports.
September 17, 2014 - IFRS Foundation
September 16, 2014 - Bangkok Post
September 15, 2014 - Financial Reporting Council
September 12, 2014 - Accounting Today
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