The Institute of Chartered Accountants in England and Wales (ICAEW) has recently launched a major new project to address the growing international concern that existing business reporting models are inadequate, and that recent attempts to develop new solutions and reach a global consensus have failed. David Illingworth, President of the ICAEW, explores how key players in the market including investors, managers, regulators and commentators can begin to assess the underlying issues which need to be addressed and shape a reform program that meets their collective aspirations and needs.
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