Deloitte places great importance on its public interest role, and we are proud of our contribution to the growth of UK plc. As a responsible business, we know that our business activities affect society in many ways.
Deloitte’s inaugural Impact Report represents a new way of reporting the firm’s contribution and impact on our clients, UK plc and wider society. The report was prepared according to the Global Reporting Initiative’s (GRI) Sustainability Reporting Guidelines. As Chairman David Cruickshank outlines, we believe an important part of our role is to be proactive in developing insights, engaging with policy makers, responding to issues and contributing to debates on the economy and other matters in the public interest. Deloitte will continue to be a pro-active and constructive voice as the audit reform debates progress, and we remain committed to raising the bar on audit quality for the benefit of all stakeholders.
Deloitte hosted a lecture on 23rd January 2013 as part of a series on ‘Tomorrow’s Finance’. The keynote speaker was Professor John Kay who chaired The Kay Review of UK Equity Markets and Long-Term Decision-Making which reported to the Department of Business, Innovation and Skills in July 2012.
John’s topic was “Building trust and confidence by changing behaviours in financial services”. Oliver Grundy, a Deloitte audit partner specialising in capital markets, contributed his thoughts on the future direction of the sector as one of four panellists responding to Professor Kay’s policy recommendations.
Deloitte is participating in an innovative cross-industry initiative to ask big questions about the future of the audit profession. AuditFutures seeks to create opportunities for dialogue and to build relationships, trust and greater understanding between stakeholders. Its first assembly in July 2012 brought together a diverse gathering of 120 professionals from over 75 firms and organisations, including Deloitte. The assembly was the first step in a journey to collaborate and innovate in recognition of, and response to, the big questions that the profession is facing.
Deloitte UK partner Mark Rhys was one of 25 members on the Financial Stability Board’s (FSB) Enhanced Disclosure Task Force, formed in May 2012. The Task Force presented a report to the FSB in October 2012, which includes a number of recommendations aimed at enhancing the clarity, comparability and timeliness of information that banks provide to their investors. Deloitte endorses the Task Force’s recommendations.
Find out more