Choose an article from a credible source that discusses best practices in financial reporting.

Instructions:

Prepare a report to senior management based on the following instructions:

$1.$ Describe the need for adopting best practices and explain how they are used within a corporate environment.

$2.$ Explain why the company should adopt the methodology towards great consistency and uniformity in financial reporting.

$3.$ Provide logical interpretation of the findings to support your recommendations. Sources besides the article should be used.