What Do We Mean by Business Reporting?
Major Accounting Events and the ICAZ Top Business Challenges for 2017 click Technical Bulletin 2017 issue 5
Organizations conduct a wide range of reporting, including financial and regulatory reporting; environmental, social, and governance (ESG) reporting (or sustainability reporting); and, increasingly, integrated reporting.
Organizations communicate with their stakeholders about:
- mission, vision, objectives, and strategy;
- governance arrangements and risk management;
- trade-offs between the shorter- and longer-term strategies; and
- financial, social, and environmental performance (how they have fared against their objectives in practice).
(Specific internal reporting issues are addressed in the performance and financial management section of the Gateway.)
Implementation of effective reporting processes is essential for organizations to be able to provide this information. For more click here