Better business reporting

Benefit from better internal and external business reporting with reduced volume, strategic alignment and clear communication of business performance.

Reap the benefits from better internal and external business reporting.

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ASX200 corporate reporting trends – 2022

A review of ASX200 corporate reporting trends in the year to 30 June 2022.

Corporate trust

KPMG explores how corporates can rebuild stakeholder trust through transparency.

Cutting the clutter

Financial reports must be clear, relevant and easy to understand. De-clutter your reports to gain deeper insights into the health of your business.

What’s your story?

We examine the steps companies need to take to ensure corporate reporting meets the information needs of all stakeholders.

Competition for capital in today’s environment is fierce. Failure to communicate effectively with the capital markets can result in poor capital allocation decisions and a weak understanding by the capital markets of your businesses strategies and performance prospects.

There is growing acceptance that current financial and sustainability reporting practices are of limited use for those seeking to differentiate between competing investment opportunities or influence corporate reputation.

As a result, there is worldwide momentum towards better business reporting.

Businesses that make the transition towards improved communication with the capital markets now stand to reap significant benefits both now and in the future.

The journey to better business reporting

It begins by improving and consolidating what is already reported. This includes improvements to financial information, sustainability reports and management commentary.

The next step in the journey aims to overcome the limitations of today’s reporting model by incorporating forward-looking, strategic key performance indicators and using management commentary as an opportunity to bring this together.

The endgame

The outcome for better business reporting is the development of a flagship business report that fully integrates critical business performance information, traditional financial reporting, management commentary and sustainability reporting to allow external analysts, investors and others to make informed judgements about the entity’s prospects.

The formation of the International Integrated Reporting Committee (IIRC) is one of the most significant developments in business reporting in recent years. The IIRC released the International Integrated Reporting Framework in December 2013.

The benefits of better business reporting

more efficient capital allocation
streamlined reporting processes
reduced reporting costs
enhanced organisational clarity in terms of business strategy and the business model.

How we can help

KPMG’s Better Business Reporting Group is at the forefront of business reporting developments worldwide. We work closely with the Business Reporting Leaders Forum in Australia and the IIRC on driving change in the format and process of business reporting.

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