There is a pressing need to expedite the sustainable rebuilding of economies the world over, including in Europe. The COVID-19 pandemic has battered human, social and economic capital across the globe. In responding to the virus and charting a post-coronavirus recovery path, we cannot lose sight of the wider unfolding picture of climate emergency, massive biodiversity loss and increasing inequality.
Information for Better Markets
Advancing thinking and debate
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:
- measurement; and
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.
What we're thinking about
IFBM 2020: The financial reporting system: seeing the bigger picture
As efforts are made to address problems with financial reporting, knowledge of how the wider financial reporting system operates, and how its players interact, is essential to understanding the real drivers of financial reporting quality. The 2020 Information for Better Markets conference will be an opportunity to explore this topic and examine financial reporting quality in the context of financial reporting systems. We ask what a good financial reporting system looks like and examine the different ways in which the term ‘system’ can be interpreted. We also explore how the key players – including preparers, directors, audit committees, auditors, investors, standard-setters and regulators – interact, and how these interactions affect financial reporting quality. Drawing on recent debates and developments, each session will also consider how financial reporting systems might need to adapt and evolve in the future.
will take place at Chartered Accountant’s Hall in London on 14 and 15 December 2020. The event is free of charge but delegates must register to attend.
To register your interest, please contact Gillian.email@example.com
What we've done
Our most recent report is Growth, development and accounting: seeing the bigger picture.
Our most recent Information for Better Markets event was the 2018 IFBM conference that took place in December. The theme of the conference was ‘Financial Scandals: past, present and future Recordings of the conference sessions will be available at icaew.com/ifbm2018
All our reports in the Information for Better Markets series and webcasts of the most recent lectures and conferences are available online:
View videos and academic papers from the 2019 Information for Better Markets conference on ‘The real effects of financial reporting’.
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.