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Information for Better Markets

Advancing thinking and debate

 

What information should companies disclose? How should they measure their profits and their capital? How should their reporting be regulated? As the laws, regulations and standards governing financial reporting become ever more complex, the ICAEW Financial Reporting Faculty aims to helps members keep up to date and to understand the implications of new requirements. The faculty also seeks to inform and influence regulators and standard-setters on financial reporting questions. The faculty’s work on these public policy issues is informed by its Information for Better Markets thought leadership programme.

 

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What it's all about

Our Information for Better Markets work subjects key issues in financial reporting to careful and impartial analysis. Better understanding of these issues will help achieve what the preparers and users of financial reporting need – practical solutions to complex problems. In pursuit of this objective, the Information for Better Markets initiative tackles three broad themes in financial reporting:

  • disclosure;
  • measurement; and
  • regulation.

We write and publish reports and commission research by leading academics from around the world.

We host two annual events, the P. D. Leake Lecture and the Information for Better Markets Conference at which we present the outcome of this research and any reports written by the ICAEW. Papers based on these events are published in the annual International Accounting Policy Forum special issue of Accounting and Business Research, a leading academic journal. Both the research and the events at which it is presented are financed by ICAEW’s charitable trusts.

Annual IFBM Conference

The 2021 Information for Better Markets conference will look at ‘Accounting issues: the too difficult box’ and will be held as a series of online daily lectures from Monday 13 to Thursday 16 December.

Over ten years in the making, the publication of major new standards on revenue, leases, insurance and credit losses highlights the complexity and challenges of addressing accounting issues. Perceptions that other long-standing accounting issues, such as accounting for goodwill or inflation, remain unresolved appear to reinforce this point. The event will consider why some accounting issues have been deemed too difficult to resolve and what research can tell us. And with a view to influencing future standard-setting, we also explore what we can learn from these examples and ask what the next big accounting issues might be.

Expert academic talks will be followed by a practitioner response and a chance to ask questions. The event is free to view but you must register in advance. You can book your place at www.icaew.com/ifbm2021.

What we've done

All our reports in the Information for Better Markets series and webcasts of the most recent lectures and conferences are available online:
IFBM Reports

IFBM Webcasts

What's new?

The art of conversation

The 2020 PD Leake lecture, given by Dr Miguel Minutti-Meza, Miami Herbert Business School, with a response from Allister Wilson, Assurance Partner at EY.

Smaller listed and AIM quoted companies

This guide, written in association with the Financial Reporting Council, offers advice for audit committees and boards of smaller quoted companies on evaluating the adequacy of a company’s financial reporting function and process.