Financial Reporting

 

One of our central missions is the improvement of corporate financial reporting and disclosure standards. The increased globalization of the capital markets emphasizes the need for consistent and high-quality information.   

 

Centre Speaks on Accountancy in EU  Address to U.K. Treasury Select Committee on accounting and the banking crisis (PDF)  Evidence provided to Members of the European Parliament on accounting issues (PDF)  Cover letter to U.K. Treasury Select Committee (PDF)

 

 In our effort to improve corporate financial reporting, we:

• Participate on regulatory committees and industry task forces on issues such as XBRL
• Provide investor education
• Present research reports, surveys, and guidelines

 

Our work on financial reporting is based on the Comprehensive Business Reporting Model, which provides a framework for developing financial reports and disclosures.  

 

Learn ... 

• What else we're saying about fair value reporting
•  About our advocacy work on global financial reporting standards
•  What we've been saying about XBRL

 

Explore this Topic:

 

Comment Letters

• Strengthening the European contribution to the international standard-setting process - Proposals for Public Consultation (PDF)

 

Articles

• "The Fairness Doctrine," CFA Digest
• "Fair Value Financial Reporting," CFA Magazine (PDF)

 

Conference Proceedings

• "Financial Reporting and Disclosure for Equity Analysts," from Practical Issues in Equity Analysis, February 2000
• "The Current and Future State of Financial Reporting," from Closing the Gap between Financial Reporting and Reality, March 2003