Risks and Opportunities in the Development of Corporate Reporting

Abstract

The relevance of the study is to justify that the quality of corporate reporting depends not only on the efforts of an economic entity to form it, generate reports, create an image of a socially responsible and investment-attractive organisation, and ensure information transparency and accountability. It is also largely determined by the development of the national corporate reporting infrastructure, including such elements as the regulatory framework, institutional environment, personnel qualifications, etc. The purpose of the study is to analyse current trends, problems and prospects for the development of the national corporate reporting system in accordance with advanced global trends. The methodological basis of the work was the conceptual approaches to the development of the corporate reporting system presented in the works of foreign and Russian researchers, approaches to the regulation of corporate reporting in the BRICS and the European Union. In the course of the research, general scientific methods of cognition were used: analysis, synthesis, comparison, generalisation, a systematic approach, and the method of system-chronological analysis. The result of the study is a generalisation and classification of risks and opportunities that are recommended to be taken into account when developing national corporate reporting capacity to improve the quality of corporate reporting in Russian economic entities.