Tuesday, November 17, 2009

CICA corporate reporting guidance series

Corporate reporting is the process used to communicate with stakeholders. Stakeholders are individuals or groups that may be significantly affected by a company’s activities, products and services or whose actions can affect the company’s ability to successfully implement its strategies and achieve it objectives. The Canadian Institute of Chartered Accountants (CICA) is undertaking research to promote effective communication by providing helpful guidance for comprehensive and integrated corporate reporting.

In 2008, the CICA published a research study called Corporate Reporting to Stakeholders and a research report on Using Graphics in Corporate Reporting. Additional guidance is currently being developed with regard to Using the Internet in Corporate Reporting and Corporate Sustainability Reporting. It is also anticipated that future guidance will be developed regarding corporate reporting on governance, using performance measures, and reporting on risks and uncertainties.