Australia

Details

  • Service: Audit, Financial Statement Audit, Financial Reporting & Accounting Standards
  • Type: Survey report
  • Date: 4/03/2010

Underlying Profits Report

The Underlying Profits Report examines the non-statutory reporting practices of ASX top 100 companies.

Underlying profits survey report 2008/09 

Companies are voicing concern that it is becoming increasingly difficult to understand the true underlying performance of a company from the statutory financial reports.
Underlying profits survey report cover
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To determine exactly how widespread the practice of presenting non-statutory measures of performance is and whether there is any consistency with how companies have been approaching the practice, KPMG analysed the 2008 and 2009 profit announcements of the top 100 ASX companies.
 

Financial Reporting & Accounting Standards

KPMG has extensive experience in applying accounting standards, both Australian accounting standards and IFRS, to a range of transactions.