The report expresses the views of a wide range of preparers, investors and others on the characteristics that they would like to see in any future (digitally enabled) system of corporate reporting.
Phil Fitz-Gerald, Director of the Financial Reporting Lab, said,
“Technology will change the way that companies communicate with investors in the future. This report sets out the characteristics that companies, investors and other stakeholders want to see in any future digital reporting framework.
We encourage consideration of these characteristics in the development of future reporting systems. This will enable companies to enhance their reporting in an increasingly digitally enabled world.”
In the next phase of the project the Lab will assess the extent to which technologies such as virtual reality, augmented reality, blockchain, XBRL, video, and other digital media fit the framework.
Full press release
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