For example, some organizations may choose to prepare and publish annual or biennial sustainability reports as part of their voluntary or stakeholder commitments.
Reporting is a vital process for any organization that wants to communicate its performance, achievements, challenges, and opportunities to its stakeholders.
Reporting can be done in various ways, depending on the purpose, audience, and standards of the report.
However, not all reports are created equal. Some reports may contain more accurate, relevant, and reliable information than others.
In this article, we have explored some of the common statements that are made about reporting and examined which ones are true and which ones are false.
We hope that this article has helped you to understand the differences between financial and non-financial reporting, and how to identify true and false statements about reporting practices.
