The Deloitte Financial Reporting Brief

The Deloitte Financial Reporting Brief - March 2017

Brendan Sheridan, Director of Financial Reporting Services, Deloitte

Long-Term Value Focus - ESG Reporting - Brendan Sheridan comments on the continuing evolution of corporate reporting towards a greater focus on wider value creation.

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The Deloitte Financial Reporting Brief - February 2017

Brendan Sheridan, Director of Financial Reporting Services, Deloitte

Financial Reporting - Incremental Improvement Brendan Sheridan comments on the vital role financial reporting plays in the capital markets and some of the continuing efforts to enhance the quality in reporting.

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The Deloitte Financial Reporting Brief - December 2016

Brendan Sheridan, Director of Financial Reporting Services, Deloitte

2016 Reporting - The Challenges Brendan Sheridan comments on the matters highlighted by regulators as priority issues for 2016 reporting and some helpful Deloitte suggestions.

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The Deloitte Financial Reporting Brief - November 2016

Brendan Sheridan, Director of Financial Reporting Services, Deloitte

Financial Reporting - the Supervisors‚€ô Views Brendan Sheridan comments on a number of reports published in recent times and their messages for reporters.

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The Deloitte Financial Reporting Brief - October 2016

Brendan Sheridan, Director of Financial Reporting Services, Deloitte

A New Challenge - The Companies Accounting Bill Brendan Sheridan comments on the new Bill, which is based on the EU Accounting Directive 2013, and the changes proposed with legislation likely to be introduced in the coming months.

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The Deloitte Financial Reporting Brief - September 2016

Brendan Sheridan, Director of Financial Reporting Services, Deloitte

Corporate Reporting - where to now? with Brendan Sheridan analyses the challenge for companies in keeping pace with developments in reporting including technology advances.

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The Deloitte Financial Reporting Brief - August 2016

Brendan Sheridan, Director of Financial Reporting Services, Deloitte

Uncertainty ‚€‘ The Accounting and Reporting Challenge - Brendan Sheridan comments on the challenges of clear, entity-specific reporting during periods of uncertainty, with Brexit presenting such challenges.

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The Deloitte Financial Reporting Brief - July 2016

Brendan Sheridan, Director of Financial Reporting Services, Deloitte

Non-GAAP Measures - Focus of Attention - Brendan Sheridan comments on the need to manage and control such disclosures given they are of high interest to analysts, stakeholders and the media

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The Deloitte Financial Reporting Brief - June 2016


The Challenges of a New Leasing Standard - Brendan Sheridan comments on the challenges to be dealt with in the implementation of IFRS 16 on Lease Accounting.

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The Deloitte Financial Reporting Brief - May 2016


Revenue Standard - Moving Towards Implementation - Brendan Sheridan comments on the challenges to be dealt with in the implementation of IFRS 15 and the recent amendments made to the Standard.

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The Deloitte Financial Reporting Brief - April 2016


A Focus on Non-Financial Reporting - Brendan Sheridan looks at EU and other developments with regard to non-financial reporting which heighten the focus on matters including the impact on entities of their assessment of environmental, social and governance issues.

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The Deloitte Financial Reporting Brief - March 2016


Integrated Reporting ‚€‘ A Way Forward for Corporate Reporting? - Brendan Sheridan comments on developments in Integrated Reporting and its significance for the future of corporate reporting.

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The Deloitte Financial Reporting Brief - February 2016


Lease Accounting - The New Standard, published in January 2016 - Brendan Sheridan comments on the new leasing standard published by the IASB on January 13th, replacing IAS 17, first published 30 years ago. "While it is clear that bringing all leases on balance sheet will have a significant impact for a wide range of companies, those which are probably most significantly affected include those in the property and aircraft sectors", he says.

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The Deloitte Financial Reporting Brief - January 2016


Transparency of Reporting: Importance to Financial System - Brendan Sheridan comments on the expectations of investors and other stakeholders for improved, more transparent reporting and the developments in progress to meet expectations.

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The Deloitte Financial Reporting Brief - December 2015


Supervisors Help Response to Reporting Challenge - Brendan Sheridan comments on the expectations of investors and other stakeholders for improved, more transparent reporting and the developments in progress to meet expectations.

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The Deloitte Financial Reporting Brief - November 2015


CORE & MORE - Brendan Sheridan comments.

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The Deloitte Financial Reporting Brief - October 2015


Corporate Reporting - Future Expectations - with Brendan Sheridan's comments on the expectations of investors and other stakeholders for improved, more transparent reporting and the developments in progress to meet expectations.

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The Deloitte Financial Reporting Brief - September 2015

Brendan Sheridan, Director of Financial Reporting Services, Deloitte

Conceptual Framework - A New Foundation, Brendan Sheridan comments on the Exposure Draft recently issued by the IASB with proposals on the revision and amendment of the Framework which is fundamental to developing standards that bring transparency, accountability and efficiency to financial markets around the world.

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The Deloitte Financial Reporting Brief - August 2015

Brendan Sheridan, Director of Financial Reporting Services, Deloitte

Brendan Sheridan comments on developments in relation to IFRS 9 - the new Financial Instruments Standard.

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The Deloitte Financial Reporting Brief - July 2015


Quality of reporting - needs to improve: Brendan Sheridan comments on the report recently issued by the FRC on improving the quality of reporting by Smaller Listed and AIM companies together with the FRC's ‚€ėClear and Concise‚€ô initiative.

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The Deloitte Financial Reporting Brief - June 2015


'Revenue A Standard in Progress?' - Brendan Sheridan comments on developments in relation to the Revenue Standard, IFRS 15, including proposed amendments and deferred implementation.

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The Deloitte Financial Reporting Brief - May 2015


Financial Reporting in Ireland - Is It All New?: A time of significant and pervasive change! Accounting Standards, New EU Accounting Directive, Company Law - the vast majority of Irish entities will not escape having to deal with transition and implementation of changed requirements, perhaps some more than others. In this article Brendan Sheridan focuses on the new accounting standards and the EU Accounting Directive.

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The Deloitte Financial Reporting Brief - April 2015


Corporate Reporting - A Broader Horizon: The explosion in demand for improved corporate reporting practice is a natural reaction of the desire for things to change - for companies to become more accountable for their impacts on the economy, society and the environment and for value to be created for all stakeholders. However, unacknowledged and unresolved tensions in corporate environmental and natural capital accounting and disclosure practices can produce variation in the quantity and quality of information, which in turn potentially undermines confidence in markets and corporate reporting and the underlying politics.

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The Deloitte Financial Reporting Brief - March 2015


In April 2009 shortly after G20 commenced their summit meetings to discuss a response to the financial and economic crisis, G20 published a Declaration on 'Strengthening the Financial System'.

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The Deloitte Financial Reporting Brief - February 2015


The Challenge of Transition - the major developments that have occurred over the past couple of years in both International GAAP and closer to home, in Irish and UK GAAP and what the current position is in relation to them.

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The Deloitte Financial Reporting Brief - January 2015


One year on from the publication of the International Integrated Reporting Framework, where is it now?

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The Deloitte Financial Reporting Brief - December 2014


Clutter in annual reports is a problem, obscuring relevant information and making it harder for users to identify the key messages in corporate reports. This has been a focus of much attention by the Financial Reporting Council (FRC) and other members of the standard-setting community, together with those in the corporate community who have applied themselves to developing and innovating new ways of communicating with their stakeholders and the market in general.

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The Deloitte Financial Reporting Brief - November 2014


Supervisory authorities - fundamental to consistent reporting: Brendan Sheridan comments on commenting on the importance of the work done by the Supervisory Authorities.

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The Deloitte Financial Reporting Brief - October 2014

Brendan Sheridan, Director of Financial Reporting Services, Deloitte

The major change for IFRS adopters for 2014 financial reporting is the implementation of the ‚€ėpackage of five‚€ô consolidation standards, writes Brendan Sheridan.

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The Deloitte Financial Reporting Brief - September 2014


The Financial Reporting Lab - An experiment that works? - Brendan Sheridan discusses 'The Financial Reporting Lab', a collaborative approach, set up by the Financial Reporting Council, to improving corporate reporting so that it better meets the needs of companies and the investment community.

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The Deloitte Financial Reporting Brief- June 2014


Our featured article for June is Revenue ‚€‘ getting the top line right with Brendan Sheridan commenting on the recently published and long awaited new Standard on revenue recognition.

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The Deloitte Financial Reporting Brief - April 2014

In the first quarter of 2014 there has been continuing development of new Irish accounting standards, and on the International front IFRS 9 implementation is deferred and proposals have been made to improve presentation of financial statements.

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