Conceptual Model of Digital Corporate Reporting

The transformation of a vast amount of diverse reporting data, generated by companies on both a mandatory and voluntary basis, into a digital ecosystem of corporate reporting is a crucial step towards establishing a unified national reporting structure. This transformation contributes to the effective implementation of strategic goals set by the state, as part of the national project «Data Economy» and other related initiatives. The purpose of this study is to develop conceptual frameworks, theoretical and methodological approaches to the formation and disclosure of information in the digital corporate reporting system. To achieve this, we used a range of methods, including deduction and induction, logical and structural analysis, empirical research, content analysis, comparison, and grouping. The object of the research is corporate reporting of leading Russian companies, recognized as pioneers in the field of information disclosure. The subject of the study is a set of theoretical, methodological, and practical solutions to ensure the transparency of companies in the corporate reporting system. The scientific novelty of this research lies in defining the boundaries and content of corporate reporting and developing a digital corporate reporting model that includes: a system of principles and requirements for the formation and disclosure of reporting information; the image and style of corporate reporting; structural elements (composition and characteristics); sources and methods for collecting and aggregating primary data; integration processes; solutions for harmonizing and aligning financial and non-financial indicators; technological solutions for the creation and presentation of reporting information; mechanisms for ensuring data transparency (tools for assessing the reliability of reporting information). This work is part of a comprehensive scientific study. The results of the study may be of interest to national regulators, the scientific community, professional associations, and business communities.

1. Bulyga R.P., Melnik M.V., Safonova I.V. Problems of fi measurements of environmental and social factors in public reporting of companies. Vestnik Voronezhskogo gosudarstvennogo agrarnogo universiteta = Vestnik of Voronezh State Agrarian University. 2022;15(3):202–218. (In Russ.). DOI: 10.53914/issn2071–2243_2022_3_202

2. Bulyga R. P., Safonova I.V. Business audit in ESG format: Up-growth of the corporate reporting verification methodology. Uchet. Analiz. Audit = Accounting. Analysis. Auditing. 2022;9(5):6–21. (In Russ.). DOI: 10.26794/2408-93032022-9-5-6-21

3. Vakhrushina M. A., Katasonova S. D. Integrated thinking: Issues of theory and practical application. Mezhdunarodnyj buhgalterskij uchet = International Accounting. 2023;26(1):28–51. (In Russ.).

4. Grishkina S.N., Sidneva V.P. Modern approaches to the preparation and presentation of reports in the field of sustainable business development. Economy. Business. Banks. 2020;4(42):86–99. (In Russ.).

5. Demina I.D., Mamedova S. Indicators in the fi of sustainable development of organizations as an information base for the implementation of national projects. Audit. 2024;4(192):37–43. (In Russ.).

6. Dombrovskaya E.N., Bykova V.V. Approaches to defining the boundaries of non-financial reporting. Auditor. 2024;10(4):23–33. (In Russ.). DOI: 10.12737/1998-0701-2024-10-4-23-33

7. Efi va O.V. Sustainable development reporting: requirements, development, analysis. Audit. 2024;3(191):50–54. (In Russ.).

8. Malinovskaya N.V. Problems of the definition of corporate reporting. Uchet. Analiz. Audit = Accounting. Analysis. Auditing. 2021;8(6):31–41. (In Russ.).

9. Kogdenko V.G., Melnik M.V. Integrated reporting: issues of formation and analysis. International accounting. 2014;10(304):2–15. (In Russ.).

10. Nikiforova E.V. Development of public non-financial reporting of economic entities. Uchet. Analiz. Audit = Accounting. Analysis. Auditing. 2020;7(4):63–70. (In Russ.). DOI: 10.26794/2408-9303-2020-7-4-63-70

11. Petrov A. M. Disclosure of information on social obligations in the reporting of economic entities. Economic sciences. 2024;(231):182–185. (In Russ.). DOI: 10.14451/1.231.182

12. Rozhnova O.V., Safonova I.V. Digital company profi as a new concept for modern corporate reporting. Biznes. Obrazovanie. Pravo = Business. Education. Law. 2024;2(67):101–106. (In Russ.). DOI: 10.25683/VOLBI.2024.67.964.

13. Abdalova E. B., Karelskaia S. N. Global tends in the corporate reporting development. Uchet. Analiz. Audit = Accounting. Analysis. Auditing. 2022;9(1):19–30. (In Russ.).

14. Alekseeva I.V., Osipova R. G. Development of key characteristics of the definition of “corporate reporting”. Mezhdunarodnyj buhgalterskij uchet = International Accounting. 2015;12(354):25–34. (In Russ.).

15. Bogataya I.N. The future of corporate reporting. Problemy ekonomiki i yuridicheskoj praktiki = Economic Problems and Legal Practice. 2021:17(2):131–137. (In Russ.).

16. Bogataya I.N., Evstafyeva E.M., Lavrov D.A. Development of methods for the formation of a unified set in the organization of the oil and gas complex based on the use of comprehensive thinking. Vestnik Altajskoj akademii ekonomiki i prava = Bulletin of the Altai Academy of Economics and Law. 2022;9(2):169–178. (In Russ.).

17. Kaspina R. G., Chistopolova Z.A. Development of a non-financial reporting for oil companies. Uchet. Analiz. Audit = Accounting. Analysis. Auditing. 2022;9(2):33–41. (In Russ.).

18. Serebryakova T. Integrated accounting and reporting: Institutional approach. . Uchet. Analiz. Audit = Accounting. Analysis. Auditing. 2016;(2):24–33. (In Russ.).

19. Solovieva O.V. Non-fi reporting: Problems of terminology. Audit. 2021;(8):27–31. (In Russ.).

20. Fadeikina N.V., Saprykina O.A. Theory and practice of preparation and presentation of integrated corporate reporting. Sibirskaya fi aya shkola = Siberian Financial School. 2018;6(131):155–165. (In Russ.).

21. Fomina O.B., Fomin M.V. Problems of presentation of standardized business reporting. Bulletin of Tver State University. Series: Economics and Management. 2016;(1):140–150. (In Russ.).

22. Chepulyanis A. V., Popov A. Yu. Disclosure and analysis of information on corporate governance in the organization’s sustainability reporting. Uchet. Analiz. Audit = Accounting. Analysis. Auditing. 2024;11(5):37–54. (In Russ.). DOI: 10.26794/2408-9303-2024-11-5-37-54

23. Safonova I.V. Transformation of the public reporting format in the concept of information transparency of the activities of economic entities. Uchet. Analiz. Audit = Accounting. Analysis. Auditing. 2023;10(4):6–22. (In Russ.). DOI: 10.26794/2408-9303-2023-10-4-6-22

24. Collins Kindzeka K.-a. Impact of Artificial Intelligence on Accounting, Auditing and Financial Reporting. American Journal of Computing and Engineering. 2023;6(1):29–34. DOI: 10.47672/ajce.1433.

25. Sanni M.R., Adegoke A.K., Abu J.A., Ojo J.A. Technological challenges of accounting as a tool for socio-economic development in Nigeria and the way out. Nigerian Journal of Management Sciences. 2023;24(1a):141–153.

26. Das P. K. Impact of artificial intelligence on accounting. Sumerianz Journal of Economics and Finance. 2021;4(1):17–24. DOI: 10.47752/sjef.41.17.24

27. Banța B.-C., Rîndașu S.-M., Tănasie A., Cojocaru D. Artificial intelligence in the accounting of international businesses: A Perception-Based Approach. Sustainability. 2022;14(11). Art. 6632. DOI: 10.3390/su14116632

28. Zverkova T. N. BIG DATA and ANALYTICS in accounting: review and synthesis of research. Uchet. Analiz. Audit = Accounting. Analysis. Auditing. 2024;11(6):6–16. (In Russ.). DOI: 10.26794/2408-9303-2024-11-6-6-16

29. Kovalev A. E. The concept of interactive accounting reporting. Economics and Management: Problems, Solutions. 2019;15(3):65–74. (In Russ.).

30. Nikiforova N.A. The future of artificial intelligence in accounting. Uchet. Analiz. Audit = Accounting. Analysis. Auditing. 2024;11(6):24–33. (In Russ.). DOI: 10.26794/2408-9303-2024-11-6-24-33

31. Malinovskaya N. V. Digitalization of public reporting: problems and solutions. International accounting. 2023;26(4):362–377. (In Russ.). DOI: 10.24891/ia.26.4.362

32. Safonova I. V. Typification of economic entities and their stakeholders from the standpoint of the level approach to ensuring information transparency. Biznes. Obrazovanie. Pravo = Business. Education. Law. 2024;4(69):167–173. (In Russ.). DOI: 10.25683/VOLBI.2024.69.1170

33. Safonova I.V. Conceptual aspects of developing a financial reporting of a modern company. Accounting and Statistics. 2024;2(21):92–102. (In Russ.). DOI: DOI: 10.54220/1959.2024.94.18.009

34. Safonova I. V. Integrative solutions for harmonization and relatedness of financial and non-financial indicators in the format of corporate reporting. Vestnik Voronezhskogo gosudarstvennogo agrarnogo universiteta = Vestnik of Voronezh State Agrarian University. 2023;16(4):261–280. (In Russ.). DOI: 10.53914/issn2071-2243_2023_4_261

35. Bulyga R.P., Safonova I.V. Concept of ESG-audit of organizations in the public and corporate sector. Auditor. 2023;9(7):25–36. (In Russ.). DOI: 10.12737/1998-0701-2023-9-7-25-36.