The report makes the following points:

• Traditional paper-based reporting is still perceived by many as the principal form of communication.
• There are increasing demands for a range of information to be provided in corporate reports and companies seem willing to provide it.
• This leads to fears that the traditional reports are becoming too long (information overload) and therefore less useful.

ICAEW suggests that inclusion of digital and technology specialists in reporting discussions could highlight opportunities for companies to use technology in reporting as part of the solution to this problem, which might consist of presenting additional information outside of the annual report, in a digital format that is user-friendly and easy to access.

ICAEW believes that it would important to address these problems as soon as possible as the demand for more access to information is likely to continue to grow. However, ICAEW also notes that there needs to be further research into the implications of digitalisation and that key policy decisions on the issues would need to be taken if real progress is to be made in advancing the quality of corporate reporting.

The full report can be found on the ICAEW website.