Issue 1, 2011

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Need to know what's on the minds of regulators, standard setters, business leaders and others as they set the course for improved governance, reporting, and assurance? The latest edition (44 pages) shares PwC views on today's hot topics and keeps you up-to-date with new developments from around the world.

Governance

The governance section discusses Trust: the overlooked asset and examines how a business's long-term survival and success depends on its ability to build and sustain trust. This section also looks at how companies articulate ethical values and principles in Tone from the top, finding that many companies struggle to make these 'live'.
15 governance articles, including:

• 'Integrated reporting' is an outcome, not a goal
• Survey of directors on CEO compensation
• Investors oppose annual re-election of directors

Financial reporting

In Turning complaints into progress, John Hitchins, PwC global chief accountant, argues that complaints from preparers and users should inspire debate about how to improve future standards. Meanwhile, in Investors speak out on fair value, the results of a recent survey are unravelled.
17 financial reporting articles, including:

• Proposals put leases on the balance sheet
• Revenue recognition model to change
• SEC publishes progress report on IFRS work plan

Broader reporting

The investment community wants 'narrative' with numbers, according to members of the Corporate Reporting Users' Forum. Find out what else they are looking for from your corporate reporting.
13 broader reporting articles, including:

• International Integrated Reporting Committee aims for new model 'fit for the 21st century'
• Corporate performance management moves beyond finance
• Companies suffer from 'compliance fatigue' in their corporate reporting

Assurance

To build trust in business and the capital markets the audit must be relevant. Time to move the audit forward suggests several actions to help make it fit for purpose. Many companies are taking a fresh look at what external verification offers in the way of Generating value through transparency as they strive to improve in this area.
12 assurance articles, including:

• Statutory audit ripe for debate
• Assurance on ethical conduct
• Diverse views on how to improve the audit

For hard copies of World Watch, or to subscribe, email info@corporatereporting.com. Hard copies of our publications can also be obtained from your local PwC office.