Deloitte UK survey of narrative reporting
20 Oct 2009
Deloitte United Kingdom has published A Telling Performance – Surveying Narrative Reporting in Annual Reports.
The survey analyses the narrative reporting of 130 UK listed companies, split into two categories – investment trusts and other companies. It includes a review of:
- how compliance with the disclosure requirements of the Companies Act 2006, the Listing Rules, the Disclosure and Transparency Rules, and the Combined Code varied;
- the extent to which companies have adopted the Financial Reporting Council's November 2008 guidance on going concern. In this respect its publication is timely as the FRC has published recently its revised guidance, which will be effective for 31 December 2009 period ends; and
- the use of the ASB's Reporting Statement: Operating and Financial Review.
The main findings for companies other than investment trusts are:
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Click for A Telling Performance – Surveying Narrative Reporting in Annual Reports (PDF 4,325k).