The UK Accounting Standards Board has published a report on clutter in financial statements, as part of its ongoing work on complexity.

Clutter in annual reports is a problem, obscuring relevant information and making it harder for users to find the its prospects for long-term success.

All of those involved in regulating, reviewing, preparing and using annual reports have to change their behaviours if we are to remove clutter and improve corporate reporting.

In other words, if you're a special interest group, would you kindly get your meddling mitts out of the financial statements? The accounts are for everyone, not some small subsection.

Yes, in relation to country by country reporting, that means you, Ritchie.

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Filed under: Accounting with tags asb, clutter, complexity, country by country reporting, idiots, richard murphy