Corporate reporting has become increasingly complex in recent years as a variety of stakeholders request more and more diverse and detailed information, and technological advances enable greater and faster access to huge amounts of data.
Still, organisations can continue to unlock opportunities by leveraging corporate reporting in catalysing the necessary systemic change: where operational changes take place in the organisations making these disclosures; better quality of information becomes available to investors and other stakeholders, who will then use this information to allocate resources more efficiently and responsibly.
ACCA has consistently advocated for a global approach to the development of principles-based reporting standards that inclusively considers regional and economic differences. In line with this, the diverse skills and experience of the Forum’s members feed into ACCA’s insights and policy research, ensuring that ACCA is always fully engaged in worldwide developments in corporate reporting.
With a major aim of exerting a pragmatic and positive influence on the development of connected financial and sustainability reporting around the world, the Forum also advises the ACCA on its responses to consultations, such as from the IFRS Foundation, IASB and ISSB, to address corporate reporting-related issues with widespread global implications for the accountancy profession.
