Publications

Outputs of ReportingNZ: Extended External Reporting 

In progress

  • Report 17 –  Building a Reporting Framework Fit for Purpose [Draft]
    The Institute has almost completed a major piece of work on New Zealand’s reporting framework – the country’s information infrastructure. The framework operates under the surface but influences the way that decisions are made. We hope this report will add to the conversation about how to improve its function and refine its purpose. Mapping the existing framework has proved a complex and time-consuming exercise; for this reason we are seeking feedback before the final report is published next month. The draft report can be found here and we would appreciate your feedback by 5 pm on Wednesday, 24 October 2018. This will give all interested parties an opportunity to provide operational and strategic feedback and review our findings and recommendations.

Latest publications


Working Paper 2018/04 – Legislation shaping the reporting framework: A compilation

Working Paper 2018/04 – Legislation shaping the reporting framework: A compilation is designed to contribute to the Institute’s Report 17 – Building a Reporting Framework Fit for Purpose, a comprehensive review of New Zealand’s reporting framework, as part of the Institute’s policy project
ReportingNZ, and flagship Project 2058.

 

Working Paper 2018/03 – Analysis of Climate Change Reporting in the Public and Private Sectors

The McGuinness Institute has recently undertaken an analysis of climate change reporting in the public and private sectors. The Institute team comprehensively reviewed all 2017 annual reports (or financial statements) published by Deloitte Top 200 companies, government departments, Crown agents and Crown entities, state-owned enterprises and local authorities.

See here for more information.

In 2017, in collaboration with the External Reporting Board (XRB), the Institute undertook two surveys  – Survey of the CFOs of significant New Zealand companies and Extended External Reporting User Survey. The two survey results booklets were published in March 2018, along with two accompanying documents.

You can read the publications by clicking on the images below.

The Survey of the CFOs of Significant New Zealand companies is published as the Preparers’ Survey: Attitudes of the CFOs of significant companies towards Extended External Reporting. This booklet gathers the thoughts of the Chief Financial Officers (CFOs) of companies listed on the 2016 Deloitte Top 200 and the NZSX-listed companies (as at June 2017). Of the 277 CFOs who were sent the survey, 92 responded.

 

 

The Extended External Reporting User Survey is published as the Users’ Survey: Attitudes of interested parties towards Extended External Reporting. This booklet explores the current and future landscape of reporting in New Zealand and the usefulness of corporate reporting through the responses of any interested parties who use company reports to learn more about their operations (the Users of EER). There were 104 responses to this survey.

 


Survey Insights: An analysis of the 2017 Extended External Reporting Surveys is an accompanying paper which explores the results of the two 2017 surveys and summarises the key insights gained through the process. Qualitative and quantitative data was analysed by the research team to draw out key insights.

 

 

 

Survey Highlights: A summary of the 2017 Extended External Reporting Surveys is a six-page overview of the key findings from the two surveys, with the results broken down into five parts ­– what the respondents think about ‘accessibility’, ‘engagement’, ‘content’, ‘frameworks’, and ‘assurance’.

 

 

 

In 2017, in collaboration with BDO, the McGuinness Institute also undertook an analysis of the content of annual reports of NZSX-listed companies. The Institute team comprehensively reviewed all annual reports published by NZSX-listed companies in the 2016 calendar year and listed on the NZSX in 2017.

Working Paper 2018/01 ­– NZSX-listed company tables
This working paper brings together the Institute’s preliminary research in order to develop an understanding of New Zealand’s corporate reporting landscape, and reviews specific elements where there is misalignment between what is desired to meet the purpose of responsible corporate reporting in New Zealand and what current practices are.

 

 


ReportingNZ Overview Worksheet
This worksheet is a foldout document with key highlights and insights from all publications in this research project. It is the sole work of the Institute, and aims to bring both our research and other secondary research together in an easy to digest format for Preparers and other interested parties.

 

 

 

Project publications by year
All publications specific to this project are listed below and published on the McGuinness Institute Publications Page found here.

2018

Working Paper 2018/04 – Legislation shaping the reporting framework: A compilation

Working Paper 2018/03 – Analysis of Climate Change Reporting in the Public and Private Sectors (July 2018)

Working Paper 2018/01 – NZSX-listed company tables (March 2018)

Supporting Paper 2018/01 – Methodology for Working Paper 2018/01 (March 2018)

Preparers’ Survey: Attitudes of the CFOs of significant companies towards Extended External Reporting (March 2018)

Users’ Survey: Attitudes of interested parties towards Extended External Reporting (March 2018)

Survey Insights: An analysis of the 2017 Extended External Reporting Surveys (March 2018)

Survey Highlights: A summary of the 2017 Extended External Reporting Surveys (March 2018)

ReportingNZ Overview Worksheet: An analysis of the state of play of EER (March 2018)

2017

Submission on NZX Listing Rule Review (December 2017)

Working Paper 2017/02 – Letter to the Minister on New Zealand King Salmon (May 2017)

Submission: Submission on disclosing non-GAAP financial information (April 2017)

Submission: Submission on potential relocation of salmon farms in the Marlborough Sounds (March 2017)

2016

Submission: Submission on the NZX Corporate Governance Best Practice Code (October 2016)

Slideshow: ReportingNZ – CPA Congress (18 October 2016)

Infographic: Extended Reporting Card (October 2016)

Working Paper 2016/02 – New Zealand King Salmon: A financial perspective (July 2016)

Working Paper 2016/01 – History of Strategy Stewardship in the New Zealand Public Service 1980–2016 (July 2016)

Infographic: Timeline of strategy stewardship in the New Zealand public service, 1980–2016 (April 2016)

2015

Working Paper 2015/10 – Analysis of Government Department Strategies Between 1 July 1994 and 30 June 2015: An overview (November 2015) 

Working Paper 2015/09 – Profiles Scoring Government Department Strategies in Operation as at 30 June 2015 (November 2015)

Working Paper 2015/08 – Tables Collating and Ranking Government Department Strategies in Operation as at 30 June 2015 (November 2015)

Working Paper 2015/11 – Observations from the GDS Index 2015 (October 2015)

Working Paper 2015/07 – List of Government Department Strategies Between 1 July 1994 and 30 June 2015 (October 2015)

Working Paper 2015/06 – Profiles Scoring Government Department Strategies in Operation as at 30 June 2014 (February 2015)

Working Paper 2015/05 – Tables Collating and Ranking Government Department Strategies in Operation as at 30 June 2014 (February 2015)

Working Paper 2015/04 – Methodology for the Government Department Strategies Index New Zealand (February 2015)

2014

Working Paper 2014/02 – Analysis of Government Department Strategies Between 1 July 1994 and 30 June 2014: An overview (December 2014)

Working Paper 2014/01 – List of Government Department Strategies Between 1 July 1994 and 30 June 2014 (September 2014)

Submission: Submission on the Environmental Reporting Bill (April 2014)

2013

Submission: International Integrated Reporting Councils’ (IIRC) Consultation Draft of the International Framework (July 2013)

Working Paper 2013/01 – Notes on the New Zealand King Salmon Decision (May 2013)

Submission: Public Finance (Fiscal Responsibility) Amendment Bill 2012 (February 2013)

Submission: New Zealand King Salmon Proposal: Comments of McGuinness Institute on Minor or Technical Aspects of the Draft Report (Part 5 of 5) (February 2013)

2012

Submission: New Zealand King Salmon Proposal: Submissions of McGuinness Institute on Proposed Conditions of Consent (Part 4 of 5) (December 2012)

Submission: New Zealand King Salmon Proposal: Final Statement of Evidence Prepared for the Board of Inquiry (Part 3 of 5) (September 2012)

Submission: New Zealand King Salmon Proposal: Statement of Evidence Prepared for the Board of Inquiry prepared by Dr John Volpe, expert witness on behalf of the McGuinness Institute (September 2012)

Submission: New Zealand King Salmon Proposal: Statement of Evidence Prepared for the Board of Inquiry (Part 2 of 5) (August 2012)

Submission: Mixed Ownership Model Bill (May 2012)

Submission: New Zealand King Salmon Proposal: Proposed Plan Changes and Resource Consent Applications (Part 1 of 5) (May 2012)

2011

Interviews: Integrated Reporting (2011)

Submission: International Integrated Reporting Committee Discussion Paper (December 2011)

Working Paper 2011/20 – Foresight in New Zealand (December 2011)

Working Paper 2011/13 – What Strategic Uncertainties Keep New Zealanders Awake at Night? (March 2011)

Press Release: 2.02.11 Top 200 Companies Integrated Reporting Survey Released (2 February 2011)

Survey: Integrated Annual Report Survey of New Zealand’s Top 200 Companies: Exploring Responses from Chief Financial Officers on Emerging Reporting Issues (January 2011)

2010

Interviews: Integrated Reporting – Robert G. Eccles (2010)

Press Release: 20.09.10 NZICA – Fit for the future? (20 September 2010)

Press Release: 3.08.10 Formation of International Integrated Reporting Committee (IIRC) (3 August 2010)

Submission: Review of Securities Law: Discussion Paper (September 2010)

Article – Weak signals: The challenge ahead, Chartered Accountants Journal of New Zealand (October 2008)

Annual Report, 2007–2008

Article – Annual reporting: A sustainable development perspective, Chartered Accountants Journal of New Zealand (August 2004)

Article – Designing an accountability framework for the biotechnology industry, New Zealand Biotechnology Association Journal (October 2003)

Article – Port report, Chartered Accountants Journal of New Zealand (August 2003)

Article – One direction, many roads, Chartered Accountants Journal of New Zealand (July 2002)

Article – Accounting for hazardous substances and genetically modified organisms, Chartered Accountants Journal of New Zealand (July 2002)

Article – Is risky business our business? Chartered Accountants Journal of New Zealand (December 2000)

Early reports: Implementation of Accrual Accounting for Government Departments (August 1988)