Reporting: Difference between revisions

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The communication of risk and risk management outcomes for the purposes of comparing the results with the policy and the early identification of potential problems.
The communication of risk and risk management outcomes for the purposes of comparing the results with the policy and the early identification of potential problems.
:<span style="color:#4B0082">'''''Principles of reporting - BCBS'''''</span>
:"The Basel Committee with the BCBS 239 standards defined the most important principles of reporting that any bank or company should follow.
:In summary, it highlighted the importance of a thorough end to end process that included governance and infrastructure.
:It presented the risk aggregating capabilities key values (accuracy and integrity, completeness, timeliness and adaptability) and outlined the principles of reporting practices (accuracy, comprehensiveness, clarity and usefulness, frequency and distribution)."
:''Dimitris Papathanasiou CFA, Treasury and Risk executive.''




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* [[Audit report]]
* [[Audit report]]
* [[Auditors’ report]]
* [[Auditors’ report]]
*[[Basel Committee on Banking Supervision]]  (BCBS)
*[[Best practice]]
*[[Best practice]]
* [[Bloomberg]]
* [[Bloomberg]]
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* [[IDC]]
* [[IDC]]
* [[Impact reporting]]
* [[Impact reporting]]
* [[Infrastructure]]
* [[Integrated reporting]]
* [[Integrated reporting]]
* [[Integrated Reporting Framework]]
* [[Integrated Reporting Framework]]
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* [[Value Reporting Foundation]]
* [[Value Reporting Foundation]]
* [[Whistle-blowing]]
* [[Whistle-blowing]]
==Other resource==
*[https://www.bis.org/publ/bcbs239.pdf Basel Committee on Banking Supervision - Principles for effective risk data aggregation and risk reporting - January 2013]
[[Category:Accounting,_tax_and_regulation]]


[[Category:Accounting,_tax_and_regulation]]
[[Category:Accounting,_tax_and_regulation]]

Revision as of 01:26, 22 May 2024

1. Financial reporting.

Collating and publishing financial information.

For example, through a company's annual report and accounts.


Limitations of general purpose financial reports
"... general purpose financial reports do not and cannot provide all of the information that existing and potential investors, lenders and other creditors need.
Those users need to consider pertinent information from other sources, for example, general economic conditions and expectations, political events and political climate, and industry and company outlooks."
IFRS - Conceptual Framework.


2. Law - regulation - conduct.

Disclosure to relevant authorities about alleged or suspected breaches of law, regulation, rules of conduct, or similar guidance.


3. Risk - risk management.

The communication of risk and risk management outcomes for the purposes of comparing the results with the policy and the early identification of potential problems.


Principles of reporting - BCBS
"The Basel Committee with the BCBS 239 standards defined the most important principles of reporting that any bank or company should follow.


In summary, it highlighted the importance of a thorough end to end process that included governance and infrastructure.
It presented the risk aggregating capabilities key values (accuracy and integrity, completeness, timeliness and adaptability) and outlined the principles of reporting practices (accuracy, comprehensiveness, clarity and usefulness, frequency and distribution)."
Dimitris Papathanasiou CFA, Treasury and Risk executive.





4. Information services - journalism - financial journalism.

In information services and journalism, reporting includes investigating, witnessing and verifying facts, as well as their selection, interpretation and presentation.

Providers of financial information include Bloomberg, IDC and Reuters.


5.

More broadly, collating and publishing any significant information.

For example, information relating to corporate social responsibility, including carbon reporting.


6.

More broadly still, any structured or unstructured communication about facts or alleged facts.


Advance the profession by sharing your story
"While there are many ‘traditional’ ways to consider reporting within the treasury function, it’s also important to think outside the box.


Increasingly, this means looking beyond pure financial reporting to include non-financial areas such as ESG and DEI.


Since reporting is about the provision (and consumption) of reliable business information, the concept also includes the sharing of treasury best practice and innovation.
This might be via treasury associations, conferences, webinars, podcasts, magazine articles, and more.


In fact, reporting on successes (and failures) is vital to the ongoing education of the treasury community.
As such, if you ever have the opportunity to share your story with other treasury professionals, consider it not only as an act of reporting with accuracy and balance around your project or career, but also of advancing the profession."
Eleanor Hill, Founder, The Treasury Storyteller.


See also


Other resource