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Home Interest Areas Financial Reporting Center Accounting and Financial Reporting Enhanced Business Reporting Enhanced Business Reporting Consortium

Enhanced Business Reporting

The Enhanced Business Reporting Consortium (EBRC) is a collaborative, market-driven initiative that provides an opportunity for users and providers of capital to work together for the public interest to improve the quality of information provided to capital markets. The Consortium will work to promote greater transparency by developing an internationally recognized, voluntary framework for presentation and disclosure of value drivers, non-financial performance measures and qualitative information.
EBR Framework
Sample Reports
Background

Collaborative Initiatives 

  • Gartner/EBRC KPI Initiative will bring stakeholders together to develop standardized industry specific KPIs that are predictive of future financial results.
  • A recent Knowledge@Wharton/EBRC Survey of middle to top corporate management provides sentiments on the new requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act.  Many found that the provisions fall short of what really needs to be done. 
  • The EBRC has created a new (MD&A)Taxonomy which includes a more robust set of standardized tags and definitions that will allow companies to fully tag their MD&A.  Review the new Taxonomy here.  Provide your comments by registering on the site (click sign up on top right corner of screen).  Once logged in, click the Green Plus "+" sign to provide your comments on each of the elements in the taxonomy.
  • The EBRC has expanded global reach through establishment of and participation in the World Intellectual Capital Initiative (WICI).  This diverse group of international organization collaborate to promote better corporate reporting.

Integrated Reporting 

The International Federation of Accountants (IFAC) released the report, Integrating the Business Reporting Supply Chain that addresses elemental changes required to the current format of financial reporting to increase relevance and stakeholder value and stem the increasing complexity that has plagued financial reporting in recent years.   Key business leaders from around the world were interviewed in the report that provides a summary of interviewees’ recommendations in each area and highlights some of IFAC’s related initiatives such as:

  • what should be done to effectively improve governance

  • the financial reporting process

  • the audit

  • the usefulness of business reports in the aftermath of the financial crisis

Resources 

The Better Business Reporting Series provides a roadmap for improved communications with capital markets and demonstrates experiences from some early movers who have derived benefits from enhanced business reporting.  View the documents:
Findings of research that was funded through a FINRA Investor Education Program grant with support from the EBRC, support the relevance of the enhanced information content included in the EBRC’s framework. Read the recent article.

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