This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice (http://www2.deloitte.com/ca/en/legal/cookies.html) for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

UK study reveals investment professionals see further scope for improvement in annual reports

  • ÌFRS - CFA Institute Image

Jul 02, 2015

On July 2, 2015, the CFA Society of the UK (CFA UK), part of the worldwide network of member societies of the CFA Institute, released the results of a recent survey of more than 290 investment professionals seeking member views on the importance of the annual report and other forms of company reporting, as well as perspectives on adjustments to IFRS numbers and issues with IFRS accounts.

The biggest concerns that respondents raised with regard to financial reporting related to the abuse of non-GAAP/IFRS adjusted earnings measures; excessive and redundant information in financial reporting; fair value movements obscuring underlying earnings measures; excessive focus on the income statement and not good enough disclosure of cash flows; and poor disclosure of off-balance sheet exposures.

CFA UK also published a position paper on non-IFRS earnings and alternative performance measures, which includes findings from the survey.

Please click to access the following documents on the CFA UK Web site:

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.