The financial statements are the fundamental cornerstone of corporate reporting. The provide a key resource for investors and others wishing to analyse or understand a company, however they are also an area where companies can improve the clarity and relevance of disclosure. We have looked at a number of areas of improvement throughout the last five years. We began by considering the disclosures around Net Debt , Operating cash flows and Debt terms and maturity we then looked at Market risk reporting at HSBC. More recently we considered different approaches to Accounting Policy disclosure and looked at how William Hill cut its accounting policy disclosures significantly.