Are longer financial statements a company’s friend or foe?

Posted by Jon Wilcox in Management & Execution on Mon, 30/11/2009 - 10:40
  • New report on audited financial statements published
  • Length of statement increased by 6% in the least 12 months
  • Trend 'not a surprise' for Deloitte

A new report from Deloitte suggests the length of companies’ audited financial statements has increased by more than 50% in four years.

Financial statements of listed companies have grown by 57% in the four year period to 2009, and now average 47 pages in length, according to a new report from Deloitte. In the last year alone, a growth of 6% was reported. If the 2008/2009 increase is repeated every year through to 2020, the average length will be over 100 pages solely for the audited financial statements.

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What are your top business challenges today?

2009-08-12 14:53 - 8364 reads
Getting through to 2H 2010
7% (5 votes)
Planning strategies for growth after the recession
14% (10 votes)
Keeping down costs
31% (22 votes)
Raising capital and credit
6% (4 votes)
Maintaining a healthy cashflow
42% (30 votes)
Total votes: 71

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