Report on the future of financial reporting and interview with Board member Ann Tarca
Aug 18, 2020
Earlier this year, the Chartered Accountants Australia and New Zealand (CAANZ) released a report "The future of financial reporting", examining the ways in which digital reporting can reshape the way financial information is used.
The report notes that:
- Digital financial reporting presents significant advantages for preparers, auditors, regulators, users and analysts;
- Through a unified labeling system, reports can be tailored to the needs of users; and
- With simple access to detailed information, accountants can focus on advice and assurance.
The report is accompanied by a 25 minute interview with IASB Board member Ann Tarca, who recently delivered a speech discussing the benefits and costs of digital reporting.
Review the report and the interview on the CAANZ's website.
