News Article - 28 September 2007
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The Business Review has had a beneficial effect on the standard on narrative reporting, PricewaterhouseCoopers (PwC) research claims.

The company argues that communication has improved following the introduction of the Business Review, with 75 per cent of companies now disclosing their key performance indicators and 93 per cent providing information on their strategic objectives.

However, the quality of information provided by companies could improve, PwC said, with just 35 per cent of companies currently understood to be reporting qualitative or quantitative targets in their statements.

Yet while room for improvement exists, PwC senior corporate reporting partner David Phillips believes that both framework for explanation and the tools to interpret the figures contained in a company's strategic framework are provided by the Business Review.

"The Business Review can help management report a more cohesive and balanced assessment of performance, rather than allowing financial information to dominate the picture," he added.

With 15,000 partners and staff in offices around the UK, PwC cites rebuilding public trust in corporate reporting s part of its strategic aims as a business.

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