Who we are
About the Corporate Reporting Users' Forum
Our mission
To keep users at the heart of the evolution of the corporate reporting model. We do this by articulating our views on matters affecting published corporate information that are potentially material to valuation or making investment decisions.
Who we are
The CRUF is a discussion group established in 2005. It was set up to learn about and respond to the many accounting and regulatory changes that affect corporate reporting.
Participants include buy-side and sell-side analysts, credit ratings analysts, fund managers, investors and corporate governance professionals. The forum includes individuals with global or regional responsibilities from around the world.
The CRUF is represented in Australia, Canada, France, Germany, Hong Kong, India, Japan, New Zealand, South Africa, UK and USA.
How does CRUF work?
Each country organises their own CRUF network and meetings. CRUF participants meet regularly and the frequency of meetings is determined locally and often depends on the activity of standard setters and regulators.
CRUF also has global sub-groups on specialist topic areas such as banking, insurance and ESG. The CRUF is not a membership-based organisation and there are no joining fees. Participants can in some cases obtain continuing professional development credit for attending meetings. You can read the CRUF’s full terms of reference here.
PwC is the secretariat for the CRUF and administrative support for meetings, circulates drafts of comment letters across the CRUF network and provides technical support when needed.
Who we engage with
CRUF has built an excellent reputation over the years with standard setters, regulators, policy makers and committees, who regularly seek the CRUF’s views on reporting matters throughout their deliberative process. These include:
Accounting Standards Board of Japan (ASBJ)
European Financial Reporting Advisory Group (EFRAG)
UK Financial Reporting Council
Australia Financial Reporting Council
International Sustainability Standards Board (ISSB)
UK Endorsement Board (UKEB)
CRUF participants give input and feedback in the following ways:
Informal discussions with standard setters, corporates and regulators
Comment letters to standard-setters, regulators and others
Presentations at conferences
Hosting events
Participants take part in CRUF discussions and joint representations in a personal capacity, not as representatives of their employer organisations.