Financial reporting survey series
Decisions on policies and presentations in the financial statements are influenced by rules, recommendations, regulators and the reality of what is happening in practice.
In order to understand how entities apply the financial reporting requirements in practice, we have commenced the Deloitte Financial Reporting Survey Series where we consider a series of questions regarding the financial reports of a sample of New Zealand entities such as:
- What decisions are made by the first adopters of new financial reporting requirements?
- What trends are emerging in financial reporting?
- Where are the challenges?
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 of a sample of 100 companies complying with New Zealand equivalents to International Financial Reporting Standards (NZ IFRS and IFRS). Consideration is also given to a smaller sample of 30 entities taking advantage of differential reporting concessions. (June 2012) |
 |
Issue 8: Understanding performance: Underlying profit This issue considers the practice of providing alternative measures of financial performance in the 2011 annual reports of 100 companies as a follow up to our 2010 survey (Issue 6), as well as an overview of current practice compared against the FMA’s draft guidance on this topic.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) |
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 of a sample of 100 companies complying with New Zealand equivalents to International Financial Reporting Standards (NZ IFRS and IFRS). Consideration is also given to a smaller sample of 30 entities taking advantage of differential reporting concessions. (June 2011) |
 |
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) |
Survey of 2009 annual reports |
|
 |
Issue 1: Focus on financial reporting in practice This issue provides an overview of the financial statements of a sample of companies with June to September 2009 balance dates. (June 2010) |
 |
Issue 2: Focus on financial statements – the top 10 considerations As a result of our focus on financial reporting in practice, we have identified the top 10 matters to consider when preparing financial statements. (June 2010) |
 |
Issue 3: Reporting underlying profit In this issue we look at the practice of providing an alternative measure of financial performance to that calculated in accordance with applicable accounting standards. (June 2010) |
 |
Issue 4: Where are the judgements? This issue considers what critical judgements and major sources of estimation uncertainty are being disclosed by companies, where they are presented in the financial statements, and the extent of sensitivity disclosures provided for estimates. (June 2010) |
Copyright © 2013 Deloitte. A member of Deloitte Touche Tohmatsu Limited. All rights reserved.