CORPORATE reports are being held back by confusion over their different audiences, their complexity and lack of timeliness, a report has found.
According to an Association of Chartered Certified Accountants (ACCA) survey of annual report users, end-of-year financial reports must include more about potential risks that could affect performance.
The survey of 500 investors, capital providers, customers and report preparers also found that almost half of respondents said that too much promotional material has crept into reports and that reports were too long.
“Reports need to be simplified, they need to be written with investors in mind, and they need to be more forward looking and evidently risk aware,” said Ian Welch, ACCA’s head of policy.
What can you do to ensure your employees know the company policy and stick to it? Hear from other CFOs and experts in our free-to-view video
The quality of reporting by the UK’s top public companies has slowed despite greater economic uncertainty and increased investor demands for better disclosure, new research has found
Boards must step up their focus on corporate culture and work to foster longer-term goals if they want to win back public trust and ensure sustainable businesses, the UK accountancy regulator said
MPs have launched an inquiry on corporate governance, focusing on executive pay, directors’ duties, and the composition of boardrooms, including worker representation and gender balance in executive positions