Contemporary information solutions for enhancing the comparability of non-financial reporting

Abstract

The work is dedicated to the research of current tendencies of the development of the institutional environment in the area of non-financial reporting. There are well-established trends in the world practice emphasize on the disclosure of economic, social, environmental and governance components of business activities. At the same time, the institutional environment for non-financial reporting includes more than twenty worldwide known international initiatives for disclosure of non-financial reporting data. The result is the lack of ability to compile non-financial reports of companies within the industry, region and country. This does not allow to guarantee the disclosure of high-quality information to different users' groups. So, the development of a new model for disclosure of non-financial reporting data for stakeholders is an urgent issue for policy-makers, international organizations, etc. It is advisable to use XBRL technology in order to solve the mentioned in the study issues within the general trends in the area of exchange of business information