Future changes ahead, now is a good time to focus on quality and transparency in reporting
When it comes to the volume of changes we have seen in recent years around accounting standards and performance management practices, we appear to be in a period of rest, a time to draw breath. This provides us with the perfect opportunity to examine what we are currently doing and ensure we are getting it right. Recent corporate reporting short-comings have highlighted the need for individuals to understand the details in the accounting standards and performance management best practices, know how they apply to their business and leave themselves ready to respond to market volatility and economic changes when they occur. To this end, as part of this conference, we seek to examine areas that could go wrong and areas for improvement with reporting practices.
Yes proposals for change are still being discussed and we will explore these at the conference, as well as the largest global initiative we have seen to date, impacting both performance management and financial reporting - what is now termed ‘integrated reporting’. We seek to explore what this is, and how it may or may not relate to our current and future business reporting practices. So this year we encourage all professionals to focus on the quality and transparency of reporting, before we see the waves of change come crashing through in the coming years. To ensure the proud tradition of being able to understand and apply the revised accounting standards, adopt performance management best practice and explain practices to your boards, we encourage your attendance at this event.
We look forward to seeing you there.