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FRC Lab report on virtual and augmented reality

  • FRC (United Kingdom Financial Reporting Council) Image

Feb 22, 2021

A new report from the Financial Reporting Lab of the UK Financial Reporting Council (FRC) considers how virtual and augmented reality are and might be used to expand the scope and audience for corporate reporting.

The report notes that the COVID-19 pandemic has massively accelerated the adoption of technology across business and communications. These changes are driving some to ask if the digitisation of communications will permanently switch from physical to digital. Whilst the ultimate answer to this is currently unclear, it remains a good time to consider how virtual and augmented reality (the latter of which bridges the physical and digital) might work for corporate reporting. The report includes examples of current practice and highlights some possible future uses.

Review the report on the FRC's website.

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