FINANCIAL REPORT preparers should focus on telling the story of their company, better linking strategy and business information to contextual data and performance metrics.
Black Sun also advised companies to engage and improve the quality of disclosure, rather than viewing financial reporting as a regulatory burden.
Director of research and strategy Sallie Pilot said: “The key to improvement is to demonstrate the business benefits of reporting to those responsible for the business so that they grasp the opportunity to tell their story clearly, relevantly and succinctly.”
The drive towards a fully digital tax regime is an admirable one, but mandation is simply wrong, according to one of the UK's most senior tax technology practitioners - Paul Aplin
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Does Darwin's theory apply to taxation? Colin ponders...
Improvements to cashflow statements are being targeted in a consultation launched by the Financial Reporting Council (FRC)