How helpful are financial statements in the new economy? A recent blog post took off from the following premise: With only 20% of companies’ market value found in the tangible assets in the financial statements, it is no wonder companies around the world are increasingly using the International <IR> Framework to support integrated thinking and help…
It’s easy sometimes for accountants to imagine (or at least, to pretend they imagine) that the parameters of periodic corporate reporting are largely defined by those of the financial statements, with the MD&A as a tacked-on outgrowth… Most accountants are presumably aware, at least vaguely, of the conversations about integrated reporting and ESG disclosures and…
Thoughts on a recent speech by IASB Chair Hans Hoogervorst Titled The IASB and Integrated Reporting, it didn’t initially make much impact on me. But then a recent column by Robert Bruce made me think again. Here’s part of what Bruce says: Fifteen years ago it was felt…that the concepts of management commentary were not central…
“FRC Lab report confirms the importance of business model disclosure to investors,” announces a recent news release: Here’s more: “The Financial Reporting Council’s (FRC) Financial Reporting Lab has published a report on Business Model Reporting which provides valuable insight for companies on the importance of business model information to investors, and the type of information they are…
The UK’s Big Innovation Centre recently released a Policy Report resulting from its “The Purposeful Company” project. The background to the report is as follows: “The Task Force is a consortium of FTSE companies, investment houses, business schools, business consultancy firms and policy makers. It has been examining how the governance and capital markets environment…
Let’s return now to the topic of Integrated Reporting, as we no doubt should from time to time. Scrolling through the recent material on the <IR> website, I came across a September 2016 speech by Jonathan Labrey, Chief Strategy Officer, IIRC. Here are some extracts: “It is not possible to put a price on trust…
KPMG has recently issued Room for Improvement, the second edition of its survey of business reporting. The study presents ‘the main findings from a global analysis of the content of 270 larger listed companies’ reports, in an effort to highlight weaknesses and identify good practices in the presentation of corporate information.” These are its main…
In a recent post, I wrote a little bit about the integrated reporting (<IR>, as it styles itself) initiative, very much from the perspective of someone dipping an initial toe into the water. I mentioned that the initiative’s website contains samples of reports prepared with reference to the <IR> framework, and it’s interesting from many…
Many of us have probably heard the term “integrated reporting” here and there without thinking much about what it specifically refers to, or trying to find out more… Until fairly recently, I was in that group myself. But I thought it might be useful to look at the concept (or “movement,” as it sometimes refers…
John Hughes IFRS Blog 