• Service: Audit, Financial Statement Audit, Accounting Advisory Services, International Financial Reporting Standards (IFRS), Regulatory Audit, Advisory, Risk Consulting, Board Advisory Services, Topics, Business Reporting
  • Type: Benchmarking study
  • Date: 12/04/2013

Better business reporting publications

We examine the journey to improved communication with capital markets and development of better business reporting frameworks and practices.

Operating and financial reviews 

With the release of ASIC Regulatory Guide 247 Effective disclosure in an operating and financial review, now is the time for organisations to review the information presented in their operating and financial review (OFR).
Operating and financial reviews cover
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This publication aims to help Boards and Management address the implications of Regulatory Guide 247 to ensure information about financial performance, position, business strategies and future prospects are dealt with in the OFR, to meet the requirements of the Corporations Act and the information needs of shareholders. 


It provides an overview of the regulatory guides, observations of current market practice and examples of good practice disclosures from ASX200 companies.


Key insights

  • Our review of 30 ASX51-200 company annual reports highlighted a wide range of practice in complying with the Corporations Act requirements for an OFR.
  • Ten key opportunities for improvement have been identified.

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