The International Federation of Accountants is inviting all participants in the financial reporting supply chain to complete a global survey designed to obtain information that could strengthen the financial reporting process.The federation is hoping that investors, other users of financial reports, standards-setters, preparers, auditors, academics and regulators will complete the survey, which will be open through July 6. The survey is part of an IFAC project designed to analyze the financial reporting supply chain and develop recommendations to improve the quality of financial reporting.
Specifically, the survey seeks the views of those in the financial reporting supply chain on corporate governance, financial reporting and financial auditing, and asks what actions they think will further improve the quality of the financial reporting process. The survey will be complemented with a number of in-depth one-on-one interviews.
Project chair Norman Lyle said that the research’s goal is to gather suggestions on how financial reports might be made more relevant, understandable and reliable. Lyle recently retired as group finance director of Jardine Matheson Holdings Limited in Hong Kong and is a former president of the Chartered Institute of Management Accountants in the United Kingdom, an IFAC member body.
The survey can be accessed online, at www.ifac.org/financialreportingsurvey/.
A final report on the survey’s findings will be issued by the end of the year.
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