The conference provided a unique opportunity for key stakeholders to help shape how they could improve reporting in the future. It discussed key challenges in developing a corporate reporting framework that would be fit for purpose now and well into the future. It discussed the roots of current issues in financial reporting as they currently stand and the actions required for its continuous improvement for the purposes of decision-making and transparency.
The conference also considered the interaction of financial reporting with other forms of reporting; in particular with the longer term agenda of integrated reporting.
FEE President, Philip Johnson, thanked participants as well as Petr Kriz, FEE Vice-President in charge of financial reporting and Mark Vaessen, Chairman of FEE Financial Reporting Policy Group, for their contribution to enhancing the relevance of financial reporting. He underlined: This is only the start of a necessary journey towards simpler, more concise and more meaningful corporate reporting. The accountancy profession has a key role to play: Listening to and cooperating with all stakeholders we can make an instrumental contribution to better reporting – not more reporting. This is part of our public interest commitment and our contribution to a more efficient and more sustainable economy.
Press release
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