World Accounting Report
Editorial
Reporting non-financial information seems to have been the theme of the month. From many quarters there is a growing strength to the message that investors want companies to provide more than the traditional financial information. A number of speakers at the UN annual financial reporting conference took up that theme. However, a number also pointed out that there is a proliferation of reporting models, suggesting a lack of consensus as to what information is needed. The UK Financial Reporting Council (FRC) takes the view that investors need more strategic information, but argues that other stakeholders are also becoming more vociferous, and their demands are legitimate. It also cautions that non-GAAP information should not be allowed to obscure the correct IFRS-based data.