07 March 2008
CIMA (Chartered Institute of Management Accountants) will contribute to the debate on ‘Financial Reporting Supply Chain Survey: Current Perspectives and Directions’ – a report commissioned by the International Federation of Accountants (IFAC).
The report, which launched today (7 March GMT), was overseen by Norman Lyle, a former CIMA President and retired group finance director of Jardine Matheson Holdings Ltd in Hong Kong. In recent years, there have been significant efforts to change and improve financial reporting and the IFAC survey was set up to explore the result of these efforts by conducting interviews on a global scale with key stakeholder groups within the financial reporting supply chain.
Central themes explored within the report include whether or not the financial reporting process has improved, if financial reports have become more or less relevant, and what the next steps for corporate reporting around the world are.
CIMA welcomes the report as a key contribution to the debate on which direction the future of financial reporting should take. Norman Lyle recently presented his research to a roundtable event hosted by CIMA in London. The Institute will be releasing an executive summary that will draw upon the various findings of the IFAC survey, featuring contributions by leading figures in the finance reporting supply chain who attended the CIMA debate.
For further information, please contact:
Katie Scott-Kurti
Senior Press Officer, CIMA
+44 (0) 20 8849 2347
Katie.Scott-Kurti@cimaglobal.com
1. CIMA (the Chartered Institute of Management Accountants) is the only international accountancy body with a sole focus on business. It is a world leading professional institute that offers an internationally recognised qualification in management accountancy, focusing on accounting in business in both the private and public sectors. It is the voice of 164,000 students and members in 161 countries. CIMA is committed to upholding the highest ethical and professional standards of members and students, and to maintaining public confidence in management accountancy. For more information about CIMA, please visit http://www.cimaglobal.com/.
CIMA is responsible for the education and training of management accountants who work in industry, commerce and not-for-profit and has more members in the public sector than any other UK based body. CIMA prides itself on the commercial relevance of its syllabus, which evolves continually to reflect the latest developments in global business. CIMA has been awarded superbrand status in the UK for a second year in a row this year and for the first time in Sri Lanka. According to independent research conducted by the University of Bath School of Management, CIMA’s syllabus and examination structure are the most relevant to the needs of business of all the accountancy bodies assessed. See the CIMA Difference report for further information at www.cimaglobal.com/thecimadifference.
