Financial Reporting Survey Series

Article

Financial reporting survey series

Survey of New Zealand annual reports

Decisions on policies and presentations in the financial statements and other components of the annual report are influenced by rules, recommendations, regulators and the reality of what is happening in practice.

In order to understand how entities apply the annual reporting requirements in practice, we conduct the Deloitte financial reporting survey series.

We consider a series of questions regarding the annual reports of a sample of New Zealand entities:

  • What decisions are made by the first adopters of new reporting requirements?
  • What trends are emerging in financial reporting, management commentary and corporate governance disclosures?
  • Where are the challenges?

The annual survey follows a sample of 100 listed and other large companies with publicly available information complying with New Zealand Equivalents to Internatonal Financial Reporting Standards.

Survey of 2013 annual reports

Issue 12: Underlying profit 2013

This issue considers the practice of providing alternative measures of profit in the 2013 annual reports. This year’s survey focuses on how companies implemented the Guidance Note issued by the Financial Markets Authority (FMA) in the first annual reports after the FMA’s guidance note became applicable. (June 2014)

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Survey of 2013 annual reports

Issue 11: Stability in annual reporting – Surveying annual reports 2013
This issue provides an overview of disclosures made in the 2013 annual reports. As 2013 was a year of stability with few changes in annual reporting requirements, we have focused our attention on those areas where change was expected – non-GAAP financial information and diversity disclosures. (June 2014).

   
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Survey of 2012 annual reports

Issue 10: Underlying profit 2012

This issue considers the practice of providing alternative measures of profit in the 2012 annual reports as a follow up to our 2011 survey (Issue 8), as well as an overview of current practice compared against the FMA’s guidance on this topic which became effective from 1 January 2013. (June 2013):

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Survey of 2012 annual reports

Issue 9: Stability in annual reporting – Surveying annual reports 2012
 This issue provides an overview of disclosures made in the 2012 annual reports, focusing on management commentary, corporate governance disclosures and the financial statements. Consideration is also given to a smaller sample of 30 entities taking advantage of differential reporting concessions. (June 2013)

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Survey of 2011 annual reports

Issue 8: Understanding performance: Underlying profit
This issue considers the practice of providing alternative measures of financial performance in the 2011 annual reports as a follow up to our 2010 survey (Issue 6), as well as an overview of current practice compared against the FMA’s draft guidance on this topic. (June 2012)

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Survey of 2011 annual reports

Issue 7 Surveying financial statements in annual reports – 2011
This issue provides an overview of financial reporting practices applied in the 2011 annual reports. Consideration is also given to a smaller sample of 30 entities taking advantage of differential reporting concessions. (June 2012)

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Survey of 2010 annual reports

Issue 6: Underlying profit revisited
Underlying profit – useful or misleading? This issue considers the practice of providing alternative measures of financial performance in the 2010 annual reports of 100 companies as a follow up to our 2009 survey (Issue 2), as well as an overview of press commentary and regulator activity in the past year on this topic. (June 2011)

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Survey of 2010 annual reports

Issue 5: Surveying financial statements in annual reports – 2010

This issue provides an overview of financial reporting practices applied in the 2010 annual reports. Consideration is also given to a smaller sample of 30 entities taking advantage of differential reporting concessions. (June 2011)

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