Corporate Reporting Modernization in the Digital Economy

Abstract

Currently, digital technologies are being widely introduced in various areas, which results in the transformation of numerous processes around the globe, including the system of accounting and report formation. The compilation of reporting in electronic format is an integral part of digital transformation. It is crucial to note that in the contemporary world, the users of reporting make new requests: it is no longer enough for them to have exclusively financial data presented in traditional statements. As a result, the practice of applying the new model of public reporting—integrated reporting—is becoming increasingly common. The research aims to identify tendencies in the development of corporate reporting in the era of digitalization and analyze the structure of a company's reporting that best corresponds to the information demands of stakeholders. The research characterizes the fundamental concepts and guiding principles of integrated reporting and reveals its main elements and indicators. Special attention is paid to the analysis of the concept of an enterprise's six capitals.