CFOs driving the corporate reporting reform agenda
CFOs driving corporate reporting reform
With corporate reporting reform already underway, now is the time for CFOs to take the initiative and drive the reporting agenda. Their role is critical to delivering not only a more relevant, streamlined portfolio of reports but also in meeting the needs of investors.
KPMG Australia’s report outlines recent changes and trends to improve the information provided to the capital markets and how the CFO’s role is essential in developing tomorrow’s reporting strategy.
Key insights
- The corporate reporting landscape in Australia is changing and companies need to redefine their corporate reporting strategy accordingly.
- Corporate reporting continues to lack a widely recognised ‘flagship report’ around which all other corporate reporting revolves.
- CFOs are well placed to lead their organisation in developing a strategically aligned corporate reporting portfolio that better meets the needs of shareholders.
- Internal reporting should be aligned throughout the organisation to underpin what is reported externally.
- Corporate reporting reform can reduce the volume and complexity of corporate reports, saving organisations time and money, while providing clarity and more meaningful information for report users.
©2021 KPMG, an Australian partnership and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved. The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organisation.
Liability limited by a scheme approved under Professional Standards Legislation.
For more detail about the structure of the KPMG global organisation please visit https://home.kpmg/governance.
