Audit & assurance insights

FTSE 350 Reporting Trends – 2017


Welcome to PwC's review of narrative reporting practices in the FTSE 350 for year ends from 1 April 2016 to 31 March 2017.

The non-financial reporting regulations


For periods beginning on or after 1 January 2017, Public Interest Entities with over 500 employees will be required to include a non-financial information statement in their strategic report. In this report we look at what’s in the new regulations, how they compare to the existing strategic report regulations and offer suggested steps you should take now, if you haven’t already done so to ensure you’re compliant.

Attributes of good KPI disclosure


This quick guide to KPI attributes acts as a reminder of what makes a good KPI disclosure and brings this to life using real life examples.

KPIs and the link to strategic objectives


All companies in the FTSE 350 now publish key performance indicators in their annual reports, however our review questions whether these KPIs really measure stated strategic objectives or if their relevance is difficult to understand.

Compliance in the cloud – embracing the new normal


There is an appetite to adopt cloud services to reduce costs and increase efficiencies in operations. Cloud spending is rapidly increasing.

Payment practices and performance reporting


New government legislation on payment reporting affects all medium and large UK companies.

Measuring performance


Key performance indicators (KPIs), both financial and non-financial, have long been seen as an important component of the information needed to explain a company’s progress towards its stated goals. But are the KPIs presented really key to measuring business success?

Tackling risk reporting - A Point of View


Reporting on cyber security, climate change and Brexit.

Forward-looking information


This report, drawing on the findings of our 2016 survey of investors and CEOs and our review of FTSE 350 annual reports, offers insights recommendations and practical guidance.

Audit Reform: practical guidance for UK implementation


Impact of audit reform legislation and CMA Order on mandatory audit firm rotation, tenders and non-audit services.

Reporting your business model


The need for companies to clearly articulate their business model is undeniable. Yet in the complex and dynamic world of today, many companies struggle with how to articulate their purpose, demonstrate how they create value, their resilience to change, and the quality and sustainability of the business and its performance.

FTSE 350 Reporting Trends 2016


In this year’s review you’ll find a snapshot of the FTSE 350 reporting landscape along with ongoing challenges and emerging trends in corporate reporting.

Tackling risk reporting – Practical suggestions, positive thinking


Risk reporting remains a challenging area. Companies tell us that their priority is to avoid giving away anything that is too commercially prejudicial and that the rewards of breaking free from the pack are just not there.

Tackling the viability statement: practical suggestions, positive thinking – An update


Our new guide is an update of our previous document now that issuers have reported against the 2014 UK Corporate Governance Code for the first time.

Accounting briefing


PwC’s quarterly technical update on recent developments and topical issues in UK GAAP.

Manual of accounting - Interim and preliminary reporting for the UK 2016


Manual of accounting - Interim and preliminary reporting for the UK 2016

An alternative picture of performance: Alternative Performance Measure reporting practices in the FTSE 100


Alternative Performance Measures (or APMs) are deeply integrated in UK corporate reporting. Mindful of this fact, we set out to explore how widely APMs are used and what’s being adjusted by companies.

Tackling the viability statement: practical suggestions, positive thinking


Our new guide aims to make some practical suggestions about how to tackle the viability statement by providing an illustrative draft statement with commentary based on our experience so far.

The Revolution in Audit Reports


There has been revolutionary change in audit reports in the last 2 years. The reports are now insightful, informative and a valuable tool for shareholders to engage with the directors and audit committees and for explaining the mystery behind much of what the auditor does. We fully support and embrace the extended audit reports and will continue to work hard to make our reports as useful and interesting as they can be. This is not the end of the story.

2015 Information security breaches survey


We have been commissioned by the Department for Business, Innovation and Skills (BIS) to survey companies across the UK on cyber security incidents and emerging trends. This survey aimed to provide greater awareness amongst UK business of the risks, insights on how companies are mitigating those risks (or not) and key trends.

Implementing the 2014 Code: tackling the disclosure challenge


Our guide ‘Implementing the 2014 Code – Tackling the disclosure challenge’ looks at the Code provisions and the FRC guidance and explains how companies should report in practice.

Auditor view webcast: Materiality


PwC audit partners explain what materiality means in an audit and how it works in practice.

Auditor view webcast: Scoping and testing


PwC audit partners explain what materiality means in an audit and how it works in practice.

Auditor view webcast: Risk assessment


PwC audit partners explain what risk assessment means in an audit and how it works in practice

How PwC used an advocate network to grow adoption and success of Spark


PwC was selected as a case study for the Digital Workplace Group (DWG)’s members-only report entitled ‘Change management for the intranet and digital workplace: bringing the organization with you’.

UK Corporate Governance Code: understanding and assessing culture


UK Corporate Governance Code: understanding and assessing culture. 5 key questions to consider.

What is Internal Audit’s role in assessing culture and behaviour?


Organisational culture touches everything we see, hear, do in our jobs - organisations should not just want to be monitoring it from a regulatory or professional body standpoint, but rather as common sense, of understanding what drives the behaviour and decisions of the organisation.

UK GAAP illustrative financial statements


UK GAAP illustrative financial statements: FRS 102 example accounts contains the financial statements of two fictional entities to illustrate the disclosure and presentation requirements of FRS 102 for a group and for a single entity.

Treasury shown in a new light: global treasury survey 2014


Since the financial crisis of 2008, the role and responsibility of treasury and treasurers has transformed considerably. The crisis put liquidity and risk – and therefore the critical role of treasury – firmly into the spotlight and treasurers were seen in a new light by the board and others throughout the organisation. Our ‘Treasury shown in a new light: 2014 global treasury survey’ looks at how treasury teams expanded their influence more widely across the organisation, getting closer to the business operations and allowing them to move on from the historical transactional focus on producing data, to bring more value-added insight into the risks facing the business.

Significant upturn in Audit tenders across FTSE 350


Businesses across the FTSE350 are tendering and switching auditors and this is in advance of new EU rules