Analysts are calling on companies to provide better disclosures on their
pensions after new research revealed that pension deficits can vary by as much
as 20%, depending on company assumptions on life expectancy.
The corporate reporting users forum – a loose grouping of the leading
investment banks, analysts and fund managers – said in the FT
that liability figures must be made more meaningful with additional disclosure.
‘Without these additional disclosures we find it hard to see how users can
undertake such evaluations,’ the forum said.
Wide gaps in reported numbers have appeared between companies using the most
conservative assumptions and those using less conservative forecasts. Better
disclosures on assumptions would provide explanations for these variances and
provide better comparability.
Improvements to cashflow statements are being targeted in a consultation launched by the Financial Reporting Council (FRC)
Dr Richard Willis provides a several thousand-year history lesson of the profession, from origin to modern-day
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season
Long-serving PwC director Fiona Westwood has moved to Smith & Williamson and stepped up to partner