"The Fourth Statement" Seminar

It was on October 27, 2016 at Analysys's Big Data Application Summit that Deloitte, together with Analysys introduced the concept of "The Fourth Statement—Enterprise Digital User Assets," and ever since then, the very definition and application of the concept has made a splash in the accounting and IT communities. Meanwhile, Deloitte has received many inquiries and business requests regarding "The Fourth Statement."

On Saturday, December 24, 2016, Deloitte, along with Shanghai National Accounting Institute and Analysys will jointly host a seminar on "The Fourth Statement."  During the event we would like to share the latest development of "The Fourth Statement" with our guests, i.e. academics, industry experts and business representatives. In the meantime, we wish to explore the possibly future and to discuss the routine business application of "The Fourth Statement" across all industries.

Conventionally we pay more attention to financial data vis-a-vis non-financial ones when evaluating a company. Entering a new era of the internet and mobile technology, a company's abilities to grow and expand are more influenced by non-financial factors, while conventional ways of evaluating fail to grasp. In light of this new situation, we here at Deloitte devote ourselves to find a new holistic approach to evaluate business based on our ongoing development in "The Fourth Statement." We will firstly take a look at the financial industry and hopefully, by conducting a thorough analysis of the underlying values of their service, clients and etc., we can innovate in corporate management and disclosures.

How to embody the structure, theme and value by integrating internal and external data? How to achieve corporate strategic goals or fulfill industrial visions by using data assets? We are looking forward to hearing your answers!