Developments in new reporting models (report)
This Information for Better Markets report argues that business reporting has to change to reflect changes in business, in information technology, and in users' needs (December 2009).
Developments in New Reporting Models looks at recent calls for a new reporting model - both for financial and non-financial reporting.
It argues that business reporting has to change to reflect changes in business, in information technology, and in users' needs. This is a perpetual process.
But business reporting is best viewed, not in terms of models, but as a complex social institution, which constantly evolves in response to changes in its environment.
Market forces, regulation, ethical and emulatory motives, and pressure from participants in public debate all push business reporting to adapt to changing circumstances.
The debate on the future of business reporting therefore needs to be reframed - not as a stark choice between an old model and a new one - but in terms of the need for continuing evolutionary improvements.
Developments in New Reporting Models is a follow-up to an earlier report in the Information for Better Markets series, New Reporting Models for Business.
Review of Developments in New Reporting Models
In November 2010, the leading academic journal The Accounting Review published a review by Professor Christine Botosan of Developments in New Reporting Models. The Accounting Review is published by the American Accounting Association.
Spanish translation
A Spanish translation of Developments in new reporting models has been prepared by Samuel Alberto Mantilla.
Further information
For further information on Developments in New Reporting Models or for printed copies of the report, including the Spanish translation,email bettermarkets@icaew.com
