FRC Lab report on virtual and augmented reality
17 February 2021
A new report from the Financial Reporting Lab of the Financial Reporting Council
(FRC) considers how virtual and augmented reality are and might be used to
expand the scope and audience for corporate reporting.
The report notes that the COVID-19 pandemic has massively accelerated the adoption of
technology across business and communications. These changes are driving some to ask
if the digitisation of communications will permanently switch from physical to
digital. Whilst the ultimate answer to this is currently unclear, it remains a good
time to consider how virtual and augmented reality (the latter of which bridges the
physical and digital) might work for corporate reporting. The report includes
examples of current practice and highlights some possible future uses.
Please click to access the report on the FRC website.