Some Principles to Reduce Complexity in Annual Returns
Thursday, March 18, 2010
There are eight principles for reducing complexity in the annual reports of the companies which are as per following;
Regulations Should Be:
- Targeted - to provide relevant information that meets important user needs.
- Proportionate - limiting constant change in regulation by intervening only when an area is high risk and change will bring obvious benefit.
- Coordinated - regulators should understand what other regulators are doing in a particular area
- Clear - regulations should be simple and user friendly
Communication in Reporting Should Be:
- Focused- important messages, transactions and policies should be highlighted
- Open and honest - reporting should give a balanced explanation of results
- Clear and understandable - reporting should use plain language
- Interesting and engaging - reporting should get the point across and hold the reader's attention.
Labels: Annual Returns
posted @ 4:48 PM,
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