Economic Problems and Legal Practice Issue №3 — 2023

Trends in the Development of Non-financial Reporting
( Pp. 242-249)

Zakharova Sofia Romanovna Irina V. Safonova Victor V. Moroz

Zakharova Sofia Romanovna student of the Faculty of Taxes, Audit and Business Analysis, Moscow
Financial University under the Government of the Russian Federation
Moscow, Russia Irina V. Safonova Cand. Sci. (Econ.), Associate Professor
Financial University under the Government of the Russian Federation
Moscow, Russian Federation Victor V. Moroz
Financial University under the Government of the Russian Federation
Moscow, Russian Federation

Abstract:

This article examines the role and importance of non-financial reporting as a growing trend that serves as a basis for improving and developing socially responsible activities of economic entities. Non-financial reporting has become one of the main sources from which both external and internal users can learn detailed information about the activities of a particular entity. The non-financial reporting trend is expected to continue and grow as corporate stakeholders demand more information concerning environmental, social, and governance impacts. Dilemma for the business is no longer whether having a non-financial report or not, it is rather why, how and which kind of report should companies choose to meet stakeholders needs and comply with the regulatory framework.

How to Cite:

Zakharova S. R., Safonova I. V., Moroz V. V. Trends in the Development of Non-financial Reporting // ECONOMIC PROBLEMS AND LEGAL PRACTICE. 2023. Vol. 19. № 3. P. 242-249. (in Russ.) EDN: CMWGPR

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Keywords:

non-financial reporting, sustainability reporting, integrated reporting, environmental reporting, social reporting, industry reporting, international non-financial reporting standards..