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By Christelle Bousser and Anke Schelling, KPMG Luxembourg*
One of the lessons from the crisis is the lack of insight into the risks that were building up, both in the system and among companies. The quality of corporate reports has been challenged. The complexity and volume of business reports decrease their usefulness; in contrast to growing expectations on published corporate information of stakeholders and potential investors.
The gap between current reporting based on historical information and forward-looking information about strategy, business models and the ability of the company to create sustainable long-term value can be closed. The trend towards Integrated Reporting (“IR”) is being hailed as the way to get a true picture of business value...
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