A future-oriented approach to company annual reporting in South Africa: unit trust views

Abstract

ABSTRACTTo enhance the decision-usefulness value of company annual report information, the boundaries of traditional reporting have been extended to include management projections, predictions or forecasts of information relating to the future of a company. The approach has attracted varying attention in several countries. In South Africa, the subject is relatively new. To contribute to the knowledge on the subject, this article examines the opinions of the managing directors of unit trusts on the need for publishing future-oriented information in company annual reports, the presentation of the information, and the need for public accountant audit of the information.