Open Response to PwC and the UK Financial Reporting Council

David Philips, whose Corporate Reporting Group at PriceWaterhouseCoopers has stuck with the challenges of reporting year in and year out, just posted about a new report from the Financial Reporting Council (FRC) called Louder than Words: Principles and actions for making corporate reports less complex and more relevant. In support of the report, PwC has written a letter suggesting concrete action plans to make that happen.

I started writing a response on his blog but it got a little too big for a comment so I moved it here. Regular readers have seen the data before (especially in my recent post on goodwill) so please excuse the repetition. Read more