Q2 (FEWER THAN 300 WORDS) In the (post)pandemic world with ongoing geopolitical uncertainties and the continuing debate on costs and benefits of globalisation, the role of corporate reporting has never been more critical in meeting the information needs of corporate stakeholders. For example, sustainability and integrated reporting practices are now considered necessary for corporations to remain competitive in the ever-increasing global market. In addition, questions have been raised about whether the traditional corporate reporting can remain relevant in todays digital economies. Required: Answer the following questions providing support for your opinions based on the material covered in the Course. 1. (a) What do you think is the future of corporate reporting? How can corporations meet the ever-changing information needs of various stakeholders? (5 marks) 2. (b) Do you think standard-setters and regulators of financial reporting standards can assist corporations to future-proof their reporting practices? (5 marks)