Making financial statements an effective communication tool

With encouragement from regulators and from the External Reporting Board (XRB), many organisations around the world are making innovations in their financial statements.

Each organisation is doing so in its own way, in order to better tell its own story and reporting entities in New Zealand are part of this trend.

However, we have identified four themes – or best practices – that are common to most reporting entities - no matter what sector they operate in.