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Case study
Extended audit reporting
Deloitte was the first firm to publish an extended audit report in May 2013, for Vodafone, in advance of the Financial Reporting Council’s rules coming into effect on 4 June 2013. In FY14, we have sought to build on this momentum, identifying and reporting on risks in our extended audit reports.
In the financial year to 31 May 2014, we issued 73 enhanced audit reports for the FTSE350, all of which are now in the public domain. These reports discussed 290 risks of material misstatement and included our audit response to those risks, important detail that shareholders may not have previously known. The significance of this step forward is clear: explicitly reporting on risks means better information for investors and the wider capital markets.
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Case study
Dragonfly: innovation in risk management
Deloitte’s Dragonfly joint venture offers financial institutions a new approach to managing liquidity and capital resources.
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Case study
Fraud in the Spotlight
Spotlight is a bespoke analytics tool that allows audit teams to look for unusual trends and anomalies within large data sets.
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Trust and confidence
Quality and integrity are embedded across all the work we do and they are a critical part of our responsibility in maintaining trust in the capital markets. This responsibility incorporates our important work across audit and tax, where we constantly strive to improve transparency and corporate governance, ultimately bringing confidence to our clients and to the wider investment community.