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  • Service: Advisory, Audit
  • Type: Benchmarking study, White paper
  • Date: 3/26/2013

The future of corporate reporting: towards a common vision 

As the global economy continues to reform its financial system, one crucial element of reconstruction is being ignored. The corporate reporting model in its current form does not meet the needs of investors – and it’s becoming increasingly difficult for the model to meet the requirements of preparers, auditors, regulators and standard-setters.
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    Now is the time to begin a wide-ranging debate about what is wrong with the current model and how to change it. In KPMG's The future of corporate reporting: towards a common vision we tested the premise that fundamental reforms were needed by interviewing these ten international leaders in the field:

     

    • Neri Bukspan, Executive Managing Director at Standard & Poor's
    • Stephen Haddrill, CEO of the UK's Financial Reporting Council
    • Hans Hoogervorst, Chairman of the International Accounting Standards Board
    • Julie Hudson, Head of Global Sustainability at UBS
    • Brian Hunt, CEO of the Canadian Public Accountability Board
    • Christoph Hütten, Senior Vice President, and Mark Deinert, Executive Vice President, at SAP
    • Mervyn King, Chairman of the International Integrated Reporting Council
    • Sandra Peters, Head of Financial Reporting Policy at the CFA Institute
    • Russell Picot, Group Chief Accounting Officer at HSBC
    • Joachim Schindler, Global Head of Audit at KPMG International
 

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