CR IS useful - Glen seminar Tuesday 1pm by Glen Cookson https://padlet.com/sbsgc/7vmqevcu55z0c3u1 Is CR, in its current state, useful? en-us 2020-11-24 08:53:41 UTC 2021-11-15 06:07:08 UTC hello@padlet.com https://padlet.com/sbsgc/7vmqevcu55z0c3u1/wish/956261618 Communication – increasingly seen as a key to being effective. - CR is way of communicating with SH]]> 2020-11-24 14:13:19 UTC https://padlet.com/sbsgc/7vmqevcu55z0c3u1/wish/956261618 Auditors report - gives investors and stakeholders more confidence with audited financial statements from external auditors and the audit committee. https://padlet.com/sbsgc/7vmqevcu55z0c3u1/wish/956270623 2020-11-24 14:15:14 UTC https://padlet.com/sbsgc/7vmqevcu55z0c3u1/wish/956270623 ACCA - 50% say annual report is main source of info to assess company performance https://padlet.com/sbsgc/7vmqevcu55z0c3u1/wish/956281645 2020-11-24 14:17:28 UTC https://padlet.com/sbsgc/7vmqevcu55z0c3u1/wish/956281645 https://padlet.com/sbsgc/7vmqevcu55z0c3u1/wish/956297025 CR looks at multiple aspects (not only financial information). Hence, bigger audience can benefit from the data (different users)]]> 2020-11-24 14:20:47 UTC https://padlet.com/sbsgc/7vmqevcu55z0c3u1/wish/956297025 Not just financial statements - also gives an explanation of the company's business model and its key performance indicators, which is useful to stakeholders and investors to see what their objectives are. https://padlet.com/sbsgc/7vmqevcu55z0c3u1/wish/956300485 2020-11-24 14:21:29 UTC https://padlet.com/sbsgc/7vmqevcu55z0c3u1/wish/956300485 Deloitte 2018 - 94% of companies described how they engaged with their stakeholders in the reports https://padlet.com/sbsgc/7vmqevcu55z0c3u1/wish/956320474 2020-11-24 14:25:45 UTC https://padlet.com/sbsgc/7vmqevcu55z0c3u1/wish/956320474 Business model cross referencing allows users to find info which is specifically relevant to them https://padlet.com/sbsgc/7vmqevcu55z0c3u1/wish/956331919 2020-11-24 14:28:05 UTC https://padlet.com/sbsgc/7vmqevcu55z0c3u1/wish/956331919 Risks, concerns and other significant changes are explained in detail so users can understand. https://padlet.com/sbsgc/7vmqevcu55z0c3u1/wish/956342273 2020-11-24 14:30:14 UTC https://padlet.com/sbsgc/7vmqevcu55z0c3u1/wish/956342273 Deloitte Annual Report Insights 2017 - Key Findings - Improved structure and location of content – The contributors to the report felt that 88% of annual reports were well structured, such that there was a good flow of information when reading them. Advice to preparers of annual reports in the future may find it helpful to consider the “FRC’s strategic report guidance”. https://padlet.com/sbsgc/7vmqevcu55z0c3u1/wish/956345049 2020-11-24 14:30:49 UTC https://padlet.com/sbsgc/7vmqevcu55z0c3u1/wish/956345049 ACCA - Corporate reports are a vital source of information about a business for its stakeholders. Although investors and creditors make most use of them, and it is their interests that inform the setting of standards and regulations https://padlet.com/sbsgc/7vmqevcu55z0c3u1/wish/956356074 2020-11-24 14:33:10 UTC https://padlet.com/sbsgc/7vmqevcu55z0c3u1/wish/956356074 Companies have a chance to discuss any external factors/events in their reports e.g Brexit - As Brexit became closer/occurred 86% of companies discussed Brexit in their risk reporting with 25% of companies identifying it as a principal risk in its own right - Deloitte Annual Report Insights 2019 https://padlet.com/sbsgc/7vmqevcu55z0c3u1/wish/956361856 2020-11-24 14:34:23 UTC https://padlet.com/sbsgc/7vmqevcu55z0c3u1/wish/956361856