Tomorrow’s Corporate Reporting
A critical system at risk
The future of corporate reporting is at a critical point– its ability to evolve and meet business and society's changing needs will be essential if the threat of future systemic risk is to be minimised.
These are the conclusions of a new report from the Chartered Institute of Management Accountants (CIMA), PwC, and think tank Tomorrow's Company.
Unless reporting evolves to meet the changing demands and opportunities of business, financial capital will be misallocated, business decisions will be sub-optimal, and society will struggle to understand the critical contribution business has to play in meeting the challenges of the 21st century, the study, Tomorrow's Corporate Reporting: A Critical System at Risk, warns.
