Reporting corporate performance in a way that complies with all the complex corporate reporting regulations and laws of each country in which you operate has never been easy. And now, new regulations and standards such as Sarbanes-Oxley and IFRS have made the task even more challenging. Meeting these new reporting standards will — at least over the short-term — almost certainly add to your company's headaches. And here's something else to consider: even with these new regulations in place, shareholders may not be happy with how and what your company reports.
Burned by a string of corporate meltdowns, shareholders today are on guard against reporting that may pass regulatory muster, but fails to provide a fully transparent view of a company's health and prospects. Increasingly, investors also want companies to report on a broad set of non-financial measures, which, combined with financial reporting, might provide a better basis for judging corporate performance.
High quality corporate reporting is too important to be determined solely by the shape of externally-imposed regulation. To stake its own claim to reporting excellence and public trust, your company must foster a culture that views reporting transparency as a worthy end in itself, independent of rules and regulations.
How PwC can help you
At PwC, we offer a wide spectrum of services to ensure your corporate reporting is clear, complete, and relevant. These services include:
- Compliance with regulations and laws
- Dealing with regulators
- International Financial Reporting Standards (IFRS) requirements
- Non-financial and sustainability reporting (Environmental, safety, and social responsibility issues)
- Sarbanes-Oxley
- Transparency and increased disclosure
- Transaction accounting and reporting
- XBRL
