IFAC Comment Letter: A Matter of Principles, Future of Financial Reporting

IFAC applauds the Financial Reporting Council's leadership in prompting this important conversation about the future of corporate reporting. IFAC supports including a broader range of information in corporate reporting so that organizations can communicate more effectively—and stakeholders can better understand—prospects for longer-term value creation. In our response to the FRC’s Discussion Paper A Matter of Principles, we address important topics such as the reporting ecosystem, the role of non-financial information, materiality, assurance, proportionality and the role of technology.