A Review of Corporate Reporting and its Future

Abstract

Corporate reporting has been considered a formal and widespread source of information within organizations. According to standards and accounting rules, financial accounting provides a representation of the financial situation of companies. This representation is communicated through financial statements at the end of each accounting period and under the legal requirements and tax regulations. Thus, corporate reporting has been limited to preparing financial statements for legal purposes and producing historical accounting and financial information. This study is a meta-analysis of prior literature to understand the concept of corporate reporting and identify the key domains that are still not explored by the researchers.