The project will investigate:
How technology trends might drive future change in corporate reporting and provide opportunities for improvements in the access to, and analysis of, corporate reporting data; and
How transformation of reporting formats, potentially driven by regulatory change (such as the expected implementation of a European Single Electronic Format for corporate reporting by 2020), might be optimised for investors and companies.
Participants are sought for the broader project. Interested parties are also invited to take part in a short survey on Digital Future: Data. The survey is open until 20 July 2016. The FRC indicates that themes arising from the survey will be explored further as part of the project.
It is expected that the Financial Reporting Lab will undertake work on the project during 2016 with initial results published at the end of the year.
Further information including the press release is available on the FRC website.