Rethinking Non-Financial Reporting: A Blueprint for Structural Regulatory Changes

By David MonciardiniJukka Mähönen and Georgina Tsagas.

7 August 2020, Accounting, Economics, and Law: A Convivium

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Abstract

The article introduces the thematic issue of Accounting, Economics, and Law: A Convivium dedicated to the regulation of non-financial reporting. It provides the reader with an overview of the varying approaches and frameworks that have emerged over time in relation to the reporting of non-financial information. In particular, the article focuses on the European Non-Financial Reporting Directive. We maintain that to date this latter initiative has failed to deliver on its intended objectives. In the context of the ongoing revision process of this initiative, the present paper outlines five key areas to be improved drawing on the lessons learnt from the past as well as from key points raised by the papers in the present thematic issue. What emerges from this collective effort is a renewed agenda that highlights some of the structural failures of the current reporting regime and a blueprint for future reforms. The final section summarises the various contributions of articles included in this thematic issue.


Citation Information

Accounting, Economics, and Law: A Convivium, 20200092, eISSN 2152-2820, ISSN 2194-6051, DOI: https://doi.org/10.1515/ael-2020-0092.

Published Sep. 28, 2020 8:42 AM - Last modified Mar. 8, 2021 9:10 AM