Global comparability of financial statements has always been a challenge in the sector given the diversity of activities and the different requirements of various accounting bodies.
In this survey, we review the accounting, presentation and disclosure in financial statements of a number of areas that could be especially interesting and challenging for the logistics sector and where comparability has historically been difficult to achieve. For each of these topics we also consider where improvements can be made to help readers of the financial statements.
We hope this survey helps you and your entity understand the challenges involved and the steps necessary for improvement. We would welcome a wider discussion on how comparability can be improved in the logistics sector. Whatever your view, we would be delighted to hear from you.