The survey analyses the narrative reporting of 130 listed companies, split into two categories, being investment trusts and other companies. It includes a review of:

• how compliance with the disclosure requirements of the UK Companies Act 2006, the Listing Rules, the Disclosure and Transparency Rules and the Combined Code varied
• the extent to which companies have adopted the UK Financial Reporting Council's revised guidance on going concern and liquidity
• the use of the UK Accounting Standards Board's Reporting Statement: Operating and Financial Review.

The UK Department for Business, Innovation and Skills (BIS) issued a consultation paper on the future of narrative reporting in the United Kingdom in August 2010. The consultation period closed on 19 October 2010 and Deloitte has provided the results of the 2010 survey to BIS.

Click for Swimming in words - Surveying narrative reporting in annual reports (PDF 6,619k).

• Effective Dates And Transition
• Annual Improvements to IFRSs – 2009-2011
• Extractive Activities – discussion of comments received on the Discussion Paper
• Other Comprehensive Income – comment letter summary
• Financial Instruments: Hedge Accounting
  • Interaction between hedge accounting and the own use' scope exception
  • Hedged items: risk components
  • Disclosures
• Leases – update on outreach activities.

Click here to go to the preliminary and unofficial Notes Taken by Deloitte Observers for the entire meeting.

• Access to the webinar (link to the FASB website)
• Our Insurance Contracts page.

Click for:

• Our previous story on exposure draft ED/2010/9 Leases
• Access to the webcast (in Japanese)
• Japan Center of Excellence IFRS web pages (in Japanese)
• Our Japan country page
• Our summary of the leases project.

Click for:

• IFRS in Focus Newsletter – IASB amends disclosures about transfers of financial assets (PDF 139k)
• Past editions of IFRS in Focus
• Summary of IFRS 7 on IAS Plus

The key outcomes from the session include:

• Capacity-building framework for high-quality corporate reporting. The Group of Experts further underscored the need for high-quality corporate reports to facilitate the mobilisation of domestic and international financial resources and to foster investors' confidence. The paper considered at the meeting highlights IFRS (and the IFRS for SMEs and International Public Sector Accounting Standards) as key planks in this framework.
• Climate change-related corporate reporting. The Group of Experts recognised that a harmonised approach to greenhouse gas (GHG) emissions disclosure is necessary to improve high-quality corporate reporting to policymakers, investors and other stakeholders and as such also to facilitate low-carbon policies such as, inter alia, "cap-and-trade" systems and carbon taxes.
• Corporate governance disclosures. The Group of Experts reiterated the importance of corporate governance disclosure for attracting investment and promoting sustainable and stable economic growth. ISAR recognised that high-quality disclosure in this area adds value for policymakers, shareholders and other stakeholders (see also our earlier story).

Click for Agreed conclusions from the session (link to United Nations Conference on Trade and Development website).

ISO 10668:2010 specifies a high-level framework for brand valuation, including objectives, bases of valuation, approaches to valuation, methods of valuation and sourcing of quality data and assumptions. It also specifies methods for reporting the results of such valuations. As a high-level and wide-scope document, it does provides general guidance only and is considered to be largely consistent with existing valuation practice.

The standard may be Downloaded from ISO's website.