The Financial Reporting Lab (Lab) has two major projects underway; they have made the following progress on their initiatives:
- Digital Future: Structured experience - Following our recent report on AI (PDF), and the blockchain, (PDF) the next phase of the Digital Future project is looking at the impact of Augmented Reality, Virtual Reality and Video on the preparation and use of corporate reporting. If you have a particular interest in this project, please contact Thomas Toomes-Smith via firstname.lastname@example.org.
- Call for participants: Disclosure of business models, strategy and the longer-term - The Lab invites investors and companies to nominate their interest in participating in this first topic of the Horizons project by emailing FinancialReportingLab@frc.org.uk. The opportunities for participation will develop but typically consist of a combination of individual meetings of an hour and round table meetings of two hours. Participants will be kept updated on the progress of the project throughout and are encouraged to comment on drafts of the report. While early engagement in the project is encouraged, the Lab expects the peak period of participation for companies will be April to July 2020, with a final report likely to be published in autumn 2020. If you would like to find out what it is like to participate in a Lab project, you can watch a short video at the following link.
- Climate and Workforce reporting – In September we announced a new project to look at how companies might meet the needs of investors on the reporting of climate and workforce. We aim to understand how practice in these areas reflects the characteristics of good reporting identified through the Lab's suite of strategic reporting projects (business model, risk & viability and performance metrics). In October 2019 the Lab released its report on Climate-related corporate reporting. If you have a particular interest in this project, please contact Hannah Armitage through email@example.com.