Listed companies are required to publish annual audited financial reports and interim unaudited financial reports prepared in accordance with the International Financial Reporting Standards (IFRS). Investors rely on financial reports to get a glimpse of the financial performance of the companies. Business leaders are required to rethink and reimagine their vision of success which was previously, premised primarily, on financial performance. Going forward, companies, listed or otherwise, must make a quick shift from just financial reporting to integrated reporting. This holistic approach will come with its own share of challenges, key among them being the shift in mindset from the traditional financial reporting.

Source: Standard Digital September 15, 2020 15:01 UTC