AICPA RSS
x
Username

Password

Remember Me Register | Forgot Username? | Password?


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

Enhanced Business Reporting

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.

Framework and Example Reports Sustainability  Integrated Reporting

The EBRC works towards consensus on an internationally recognized framework of voluntary, international guidelines for EBR.

Sustainability center provides resources for members to add value to company and client sustainability initiatives.

Initiative to enhance and consolidate existing reporting practices to move towards a reporting framework that provides the information needed to develop the global economic model to meet the challenges of the 21st century.
   
 Topics  

Collaborative Initiatives
  • IIRC has published a Consultation Draft on an Integrated Reporting Framework for the next evolution of corporate reporting.  Responses are due July 15th.
  • 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.  Access the new Taxonomy here, or download the excel version of the MD&A Taxonomy for review.  
  • The EBRC has expanded global reach through establishment of and participation in the World Intelectual Capial Initiative (WICI).  This diverse group of international organization collaborate to promote better corporate reporting.

 

 

Comment Letters

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:

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

FINRA Investor Education Program grant with support from the EBRC presents findings of research that support the relevance of the enhanced information content included in the EBRC’s framework. Read the recent article.

 
   
   
  Quick Links

Content Area 1 





Copyright © 2006-2013 American Institute of CPAs.