Achieving quality financial reporting
Guide for directors
For directors to be successful in meeting their financial reporting obligations they need to drive the process, obtain the support of management, engage with their auditors and ask the right questions.
Financial reporting is increasingly complex and many directors find it challenging to comply with the disclosure requirements of the standards while providing readers with information that is meaningful and understandable. As a result boards are looking for innovative ways to communicate the most important messages to their stakeholders.
This publication includes questions across the key aspects of financial reporting to assist directors in setting a new standard for high quality financial reporting.