ACCA - The global body for professional accountants

Audit and society

A framework for extended audit reporting

This report presents the results of a research project on a framework for extended audit reporting.

Commissioned by ACCA and conducted by the Maastricht Accounting, Auditing and Information Management Research Center, the research had two aims. 

Firstly, to develop a framework for extended audit reporting based on a review of the available literature on possible additional disclosures and potential reporting formats. Secondly, to validate this framework based on discussions with auditors, investors and other users of financial statements, and to develop an agenda for future research.  
The proposed reporting model described in this report may be a first step in closing the information gap, which is currently the focus of regulators and standard setters. 

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Published: 1 Jul 2011