Half-year reports improving says Deloitte
UK companies are producing half-year reports more quickly and in a greater depth, according to Deloitte
On average it takes 49 days to produce UK companies half-year results, the
survey found. In 1995 half of companies took two to three months to complete
half-year results.
The depth and scope of the reports has also grown. While in previous years
interims could be printed on two sides of A4, the average length is now 21
pages.
This partly reflects growing regulations on corporate financial reporting,
such as of the EU transparency directive.
Deloitte’s survey also highlights a growing trend of auditors reviewing
half-year accounts, with 58% of companies now having auditors check their
statements.