Verizon Business, one of the leading telecommunications companies in the United States, is known for its commitment to transparency and accountability. As part of this commitment, the Company follows strict reporting standards to ensure accurate and reliable financial information. To maintain the highest reporting standards, Verizon Business has entered into a strategic partnership with Dun & Bradstreet, a global leader in business data and analytics.
Dun & Bradstreet is a trusted provider of business data and insights, offering a wide range of solutions to help businesses make informed decisions. Their expertise in collecting, verifying and analyzing financial data makes them an ideal partner for Verizon Business in enforcing their reporting standards.
One of the most important aspects of Verizon Business reporting standards is the accurate and timely disclosure of financial information. This also applies to quarterly and annual reports, as well as other legal filings. By partnering with Dun & Bradstreet, Verizon Business gains access to comprehensive financial data and analytics, so their reports are based on accurate and up-to-date information.
Another important part of Verizon Business reporting standards is compliance with generally accepted accounting principles (GAAP). GAAP is a set of accounting standards and guidelines that companies must follow when preparing their financial statements. By partnering with Dun & Bradstreet, Verizon Business can ensure that their financial reporting is consistent with these principles, providing reliable and consistent information to investors and stakeholders.
In addition to financial reporting, Verizon Business also focuses on sustainability reporting. As a responsible company, the company is committed to publicly disclosing its environmental, social and governance (ESG) performance. Dun & Bradstreet’s extensive database provides Verizon Business with access to key ESG data, enabling them to accurately assess and report on their sustainability initiatives.
The collaboration between Verizon Business and Dun & Bradstreet goes beyond just data provision. Dun & Bradstreet also provides advanced analytics and insights that help Verizon Business better understand their financial and operational performance. This enables the company to identify trends, assess risks and make data-driven decisions to drive growth and profitability.
In addition, Dun & Bradstreet’s expertise in data management and governance ensures that the data used by Verizon Business for reporting purposes is accurate, complete, and secure. As data breaches and cyber threats become more common, this partnership helps Verizon Business mitigate risk and protect sensitive financial information.
In conclusion, Verizon Business’ reporting standards are a testament to their commitment to transparency and accountability. By partnering with Dun & Bradstreet, they can ensure accurate and reliable financial reporting, adhere to GAAP and disclose their ESG performance. Dun & Bradstreet’s insights enable Verizon Business to make informed decisions and manage risk effectively. This strategic partnership underscores Verizon Business’ commitment to maintaining the highest reporting standards and building trust with their stakeholders.
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