The publication is based on a survey of the financial statements of 130 listed companies, split into two categories – 30 investment trusts and 100 other companies. It includes a review of:

• how compliance with disclosure requirements and the accounting policy choices made under IFRSs varied;
• the level of variety in the presentation of primary statements; and
• which critical judgements and key estimations directors consider to be the most significant.

The report includes detail of some current disclosure requirements and latest developments, as well as various 'good practice' examples. Click to download  Right to the End – Surveying Financial Statements in Annual Reports (PDF 3.640mb). Here are a few findings of the study:

• 5% of the companies had a modified audit opinion
• 51% of the companies presented additional non-GAAP performance measures on the face of the income statement
• 14% of the companies did not identify any key sources of estimation uncertainty or areas of critical judgements in their financial statements
• 88% of the companies had share option schemes, and 61% had continuing exposure to defined benefit obligations