Straight talk! More on character in financial reporting

Let’s return to our recent reflections on how an entity might manifest “character” in its financial reporting. The Canadian National Instrument 51-102F1 says in the second paragraph of its introductory section that the issuer’s objective when preparing an MD&A includes “openly reporting bad news as well as good news.” Of course, in corporate reporting as…

A better model, for disclosing the model

“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…