The second edition of KPMG’s survey of business reporting. Room for improvement – The KPMG survey of business reporting examines 270 annual reports from large listed companies around the globe, highlighting weaknesses and good practices in the presentation of business strategy, risk performance and prospects.
Included at the front of this edition is an Australian perspective which compares the global results with Australian companies’ annual reports.
What we found was:
Companies embracing better business reporting disclosures are connecting their business models, strategies and KPIs quite directly and are contributing to the momentum towards integrated reporting-styled reports. Interestingly, we are also starting to see major investors calling for integrated reports and empirical evidence of their benefits in relation to capital allocation is beginning to emerge.
Benefit from better internal & external business reporting through reduced volume, strategic alignment & clear communication of business performance.