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Your assignment is to prepare and submit a paper on advanced financial reporting. Also, it includes comprehensive description of disclosures that ought to be given in an annual report that gives a transparent, true and fair picture of company’s performance to existing and potential investors. After this follows second question which focuses on comparison between voluntary and mandatory guidelines in respect of environmental reporting. It requires detailed discussion about effectiveness of both guidelines and what advantages and disadvantages does their compliance offer for a company. The last question inquires about the current and proposed programmes to be effective in future relating to environmental compliances and regulations and how they might be helpful in ensuring better transparency and clarity of environmental reporting. Further the discussion entails about corporate measures that organizations should use to become alert and informed about regulations which are applicable in their case, about amendments therein and strategies to comply with them adequately. Finally, the paper closes with concluding statements about how companies should be more environmentally responsible in its operations and true in provision of its facts and disclosures in annual reports for its shareholders and potential investors.

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