INTEGRATED REPORTING has been under the spotlight in Australia as accountancy stakeholders and institutes there hosted a forum on improving governance.
Chief among their conclusions was that integrated reporting – weaving together financial and non-financial data – “is a powerful tool to help drive an organisation’s strategic agenda, providing management with key drivers of performance”.
Focusing on environment, social and governance factors can boost strong management and allow development of new systems to help measure performance in these strategic areas, the conference found.
Richard Tabor, chair of the Professional Accountants in Business committee, said: “The speakers at the PAIB Forum and subsequent committee meeting served to help us better understand how organisations and their investors are managing ESG issues and incorporating ESG into valuations and decision making.”
Improvements to cashflow statements are being targeted in a consultation launched by the Financial Reporting Council (FRC)
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season
Board members of accounting standard setter the IASB have come under fire for the size of their remuneration packages amid scrutiny of how the organisation is governed
THE accounting watchdog has launched disciplinary formal complaints against KPMG over its audit of a Lloyd’s of London syndicate Equity Red Star