Corporate Reporting of the Future: On the Path towards New through the Analysis of Today
More details
Hide details
Plekhanov Russian University of Economics
Orel State University
3Diplomatic Academy of the Ministry of Foreign Affairs of the Russian Federation
The Financial University under the Government of the Russian Federation
Online publication date: 2018-06-26
Publication date: 2018-06-26
Eurasian J Anal Chem 2018;13(4):emEJAC04332
The economic and financial crises of recent decades that have spread across the world question some of the core principles of our economic system. In a joint effort to strengthen our future, we continue to learn from another financial crisis that shook the global financial system. Good corporate reporting should greatly contribute to the restoring of lost confidence. Companies need to establish a more open and effective interaction with investors and other interested parties and hold discussions in a simple understandable language to communicate plans for sustainable development. For their part, stakeholders require more transparent information about the strategy, business models, risks and business prospects of the companies and organizations with which they deal. Under these conditions, the role of financial and non-financial public reporting and the requirements to quality of information disclosure are significantly increasing. The priority direction of corporate information presenting is the preparation of integrated corporate reporting, which is increasingly seen as a modern, effective management tool for an organization, providing the necessary information connectivity and completeness of information disclosure about sustainable business development. The article considers the main aspects of the implementation of integrated reporting, its main features and principles of preparation, the main application problems of corporate integrated reporting in Russia.