The pace of regulatory developments in financial reporting has accelerated significantly. Standard setters and regulators have transformed both accounting standards and the format of financial reporting, resulting in vast changes to not only how accounting is recorded, but also how financial results are reported. Proper handling of these accounting and reporting changes is a key factor in the effectiveness of a company’s external financial reporting function.
Read more from Lou Rohman of Toppan Merrill and Chair of the Data Quality Committee - https://blog.toppanmerrill.com/blog/author/lou-rohman.
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