IFAC Response to Consultation on Interconnected Standard Setting for Corporate Reporting

IFAC responds to Accountancy Europe's consultation on Interconnected Standard Setting for Corporate Reporting. The consultation examines how to harmonize non-financial information reporting and its interconnectedness with financial reporting.  

In the response, IFAC CEO Kevin Dancey writes, "IFAC believes that the reporting ecosystem, consisting of multiple and competing reporting workstreams, does not best serve the interests of capital markets, companies or their stakeholders. The options set out in Accountancy Europe’s consultation for changing the corporate reporting system are useful for furthering the dialogue and work amongst relevant stakeholders toward a global and coherent solution."