The article considers the issue of accounting reporting and how the rules and standards have to change in conditions of rapid development of information technologies in order to remain relevant for the evaluation of digital business. Digital transformation forces Russian companies to pay more attention to the development of a clear and transparent development strategy, and more often than international companies to audit their corporate structure. The foreign experience of recognition of new objects and tools of digital economy is analyzed. The favorable and unfavorable influence of the digital economy on the activity of operating enterprises is revealed. In particular, the technology of the distributed registry (lock-up), crypto-currencies, robotization, the Internet of things, the expansion of business opportunities in the market and the absence of common rules for the use of these tools threaten existing enterprises. There is a need and reflection in the reporting of new data and objects. For example, the information on the ecosystem of the digital economy (partnership of organizations, ensuring the constant interaction of their technological platforms, applied Internet services, analytical systems, information systems of government bodies of the Russian Federation, organizations and citizens).

The world of corporate reporting is constantly changing and developing, which is actively promoted by the challenges of the modern business environment. Uncertainty, man-made events, environmental degradation and many other similar factors have a significant impact on the accounting and reporting system as a whole. Financial statements should reflect the economic reality, no matter how volatile it may be, however, investors need huge amounts of additional data (non-financial) for qualitative analysis and forecasting. The modern state of business environment is that many institutional investors would not be able to live up to their fiduciary duty if they were to ignore sustainability factors. Many companies have become more committed to long-term value creation for all stakeholders, including the wider society, that is increasingly reflected in the corporate annual reports. However, the fact that companies increasingly become multi-stakeholder oriented does not imply that individual stakeholder groups are best informed by combining in a single corporate report all the information that is relevant for each group. The article sums up the impact of paradigms changes in relation to business and presents a number of aspects that contribute to improving the structure and content of financial statements, allowing to increase the informative value and facilitate the transformation of reports into a digital format. The importance of reflecting non-financial data is indicated, since only in this format financial statements will be able to reflect modern economic reality adequately, despite its volatility.

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