A new wave of global non-financial reporting is changing the way accountants tell the story of their companies.
In a move being led by international investors and company boards, the way that accountants carry out reporting is changing worldwide. A trend towards non-financial reporting is the way of the future, and is set to become the global norm, a CA ANZ breakfast forum was told in October.
Australia as a country does not want to be left behind, warns Richard Howitt, the new CEO of the London-based International Integrated Reporting Council (IIRC). “There is a competitive advantage in being an early adopter and not a laggard.”