FINANCIAL REPORTING IN THE DECADE AHEAD-DELOITTE
- Relevance: Reported information must be relevant to investors and other users as an aid in making decisions based on an entity’s financial position, performance, risks, and business prospects
- Understandability: Financial reports must be clear and avoid unnecessary complexity or inconsistency that may limit the ability of users to comprehend the information
- Timeliness: In today’s fast-moving markets, information must be communicated quickly if it is to be useful in supporting investors’ decisions
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