If the investment community were in charge of the evolution of reporting, what would they change? The participants in the global CRUF community have been talking at some length about the usefulness of reporting today. Through our discussions, we have identified a number of areas where financial statements are not meeting the needs of the capital markets. Some of the topics highlighted through the CRUF’s debates would require a fundamental review of existing accounting standards. However, a number of the most commonly cited frustrations could be resolved today through voluntary disclosure by companies.
Here we highlight the CRUF’s most commonly cited “quick wins”. The intention is to focus on the pragmatic rather than rehearse conceptual debates. We hope that areas identified could be addressed by most companies without significant incremental cost. However, the CRUF recognises that this will not be universally true. Similarly, we recognise that there will be companies for which elements of this list will not be relevant. And so the CRUF wishes to stress that we do not wish companies to view this as yet another checklist; our ambition is simply to offer some feedback on the effectiveness of some areas of corporate reporting today
Join a network of investors and analysts engaged in debates about accounting, governance and regulatory issues.
PwC provides ongoing administrative support to the CRUF and, if requested by CRUF participants, PwC may provide assistance on technical points. PwC does not influence the CRUF in its discussions or responses on any given topic, and any views expressed in comment letters or otherwise are the views of the individual CRUF participants involved, not the views of PwC
PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details.
CRUF © 2005-2021 All rights reserved
This website uses cookies, for more information click here