Transparency and next-generation reporting
Article from Don Tappscot from the first day of the World World Economic Forum in Davos showed up yesterday. It has an interesting note about transparency that I wanted to share:
One of most insightful for me was with Samuel DiPiazza, the CEO of PricewaterhouseCoopers. PWC has been a leader in the next generation of reporting – they call it value reporting – where the financial report is about al lot more than earnings and financial information. XBRL and the Web 2.0 are poised to transform reporting, where the focus will not just be on compliance but on transparency.
I wonder whether PWC could finally cash in on its leadership position in this area. More important, next-generation reporting could help companies be better understood by their stakeholders, including shareholders, not to mention bring some transparency to financial markets and in doing so possibly avoid crises such as the one we are currently experiencing.
Transparency is certainly a signficant trend in corporate disclosure that we’ll be covering more in this blog over the coming weeks.
Technorati Tags: Q4 Web Systems, Q4, XBRL, Corporate Disclosure, Corporate Reporting, Best Practices, PWC, Tapscott, Davos
Related posts:
- Transparency is just the beginning of what’s needed in derivatives market
- CICA 2009 CORPORATE REPORTING AWARDS – WINNERS
- SEC to mandate XBRL for financial reporting
- Rivel Research: Transparency Key Factor in Buy-side Definition of Superb IR
- CICA 2008 Corporate Reporting Awards – Winners
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