Many companies realise that adopting IFRS is just one of many corporate reporting changes that we will see in the next few years. The introduction of IFRS will mean companies need to manage the likely impact on their reported net assets and earnings, and ensure market perceptions of their performance are accurate and informed.
Coupled with increasing stakeholder demands for transparency, consistency and comparability of information, companies need to consider whether they are presenting a complete and accurate picture to the market. Companies are encouraged to report financial and non-financial information on the critical value drivers for their industry, as well as specific value drivers for their company.
Our Corporate Reporting framework provides a structure for both internal and external reporting of financial and non-financial information about performance and likely future prospects, and offers companies a way to organise and report this information so that it is comprehensive and easily understood.
