Evolution of Corporate Reporting and Emerging Trends

Corporate reporting is undergoing a tremendous evolution; it is evolving from mere financial reporting to including both financial and nonfinancial information. The improvement in corporate reporting is of importance for all stakeholders since it enables a reporting entity to become more transparent and accountable. Particularly, in the last two decades, corporate reporting has been undergoing a transformation from several perspectives: contents, reporting tools, target audience, report types, design, and so on. Thus, the evolution of corporate reporting is elaborated from these perspectives in this article. © 2016 Wiley Periodicals, Inc.