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Jan 2013

Principles for Effective Business Reporting Processes

Principles for Effective Business Reporting Processes helps organisations enhance their reporting processes.

This  new International Good Practice Guidance from the Professional Accountants in Business (PAIB) Committee of the International Federation of Accountants (IFAC), guidance was written for all organisations, regardless of their size or structure, private or public, to address the need for effective reporting processes to produce high-quality reports.

High-quality internal and external reporting is critical for all organizations.

High-quality reports promote better internal decision making and high-quality information is also integral to the successful management of any organisation.

It is in organisations’ best interest, for their internal decisions and management issues, to provide stakeholders with high-quality business reports.

The most effective way to accomplish this is to implement effective reporting processes throughout an organisation.

When done correctly, effective reporting processes ensure that all internal and external stakeholders receive appropriate high-quality business reports in a timely fashion. 

Principles for Effective Business Reporting Processes