Bringing clarity to financial statements

Bringing clarity to financial statements

Financial reports – cutting the clutter.


Partner, Audit and Assurance

KPMG Australia


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Businessman going through financial report

Financial reports are increasingly lengthy and complex – reducing your ability to effectively communicate how your business is performing.

Even sophisticated readers can find it difficult to understand accounting jargon and identify important disclosures, including whether key financial measures have even been reported. 

Companies are increasingly looking to de-clutter their financial report, which is consistent with the views of regulators in improving the clarity and relevance of financial reporting.

The end product is a simplified, sharper and more relevant financial report that is easy to understand.

Key actions

  • Remove immaterial or irrelevant disclosures that have built up over time.
  • Re-order and re-label accounting policy and detailed notes so that they better reflect the key financial measures and focus areas of most relevance.
  • Convert technical wording into plain english, whilst still fully complying with relevant accounting standard and regulatory requirements.

Cutting the clutter in financial reports

Cutting the clutter in financial reports

Financial reports must be clear, relevant and easy to understand. De-clutter your reports and gain deeper insights into the health of your business.

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