CIMA Supports UK Corporate Reporting Consultation
The Chartered Institute of Management Accountants (CIMA) has endorsed the UK government's consultation on overhauling corporate reporting standards. CIMA emphasized that modern disclosures should integrate both financial and non-financial data to provide a transparent, accessible narrative for stakeholders. It highlighted concerns about overly complex filings that may obscure key insights needed for strategic decision-making. The institute noted rapid advancements in sustainability reporting and digital technologies have outpaced the current regulatory framework, which has not been significantly updated in years. CIMA stressed the need for reforms to be proportionate and practical rather than burdensome compliance exercises. It aims to submit formal feedback before the consultation closes on 30 November 2026. CIMA CEO Andrew Harding described this initiative as a potential generational shift, aiming to enhance governance, clarity in executive decision-making, and long-term planning while supporting economic growth.
Topics: corporate governance reporting standards sustainability reporting UK government