This report sets out ACCA's views on the characteristics that make for good corporate reporting and on some key general issues that also affect it, including the need for global standards, for a mixture of fair value and historical cost, prudence and the need for reporting to cover more than the financial statements.
This is the third report in ACCA's 'tenet' series, which provide guidelines for members on the principles of what 'good looks like' across a number of key areas of the profession including tax, business law and audit. The Tenets of good corporate reporting sets out ACCA’s views on the characteristics that make for good corporate reporting and on some key general issues that also affect it, including the need for global standards, or a mixture of fair value and historical cost, prudence and the need for reporting to cover more than the financial statements.