ICAS Corporate Reporting Committee

Business Meeting

The Corporate Reporting Committee considers over-arching corporate reporting issues, including narrative reporting and the political and strategic elements of financial reporting, thereby complementing the work of the Accounting Standards Committee which focuses primarily on the more technical aspects of financial statements.  

The Committee’s key policy positions are:

  • Establishment of an improved model for corporate reporting which reflects:
    • better distinction between compliance information and communication of key messages;
    • better stratification of information for different types of user;
    • better use of web technology, especially for standing, routine or compliance oriented information;
    • better communication of how the company creates value and sustains that value creation over time;
    • the production of an integrated short-form summary document containing all the most important financial and non-financial information on the company’s performance and prospects, driven from its
    • strategy and business model.
  • Support for the integrated reporting framework as a single framework for a summary narrative report developed under due process and in the public interest, to support transparent and consistent narrative reporting on a global basis. (Public interest; transparency and accountability; principles not rules.)  

If you would like to find out more about the work of the committee, please contact accountingandauditing@icas.com

Committee Members

Jonathan Loukes (Convener)

Jonathan is deputy finance director of Aberdeen Asset Management, overseeing the finance function, including financial reporting, financial planning & analysis, tax, treasury and regional finance teams. He is a member of the Group Management Board.  He joined Aberdeen in 2010 from Deloitte where he held senior roles in corporate finance and audit.  Jonathan qualified as a CA in 1998.

Chris Hebden

Chris is group finance manager at Cairn Energy PLC, with responsibility for the Group’s Statutory reporting requirements, preparing Financial Statements and maintaining the Groups accounting policies and producing monthly management reporting, managing multiple currencies. Through his role Chris has participated in several FRC Financial Reporting Lab projects.  Chris joined ICAS in 1996.

David Wood

David is Executive Director, Technical Policy at ICAS.  He is responsible for all ICAS’ technical and representational work in the fields of accounting, auditing, company law, tax, pensions, charities, ethics, sustainability, insolvency, and public sector accountability and audit. David is a CA, having been a member of the ICAEW for 29 years, and an ICAS member for 21 years. David originally worked for Ernst & Young in England and New Zealand, and joined the ICAS technical team in 1993.  He was appointed Executive Director in December 2004.

Fiona Robertson

Fiona is currently studying for a PhD specialising in Integrated Reporting at Leeds Beckett University.  She has previously worked in senior finance roles in industry, with particular expertise in compliance, internal audit and project management. Fiona qualified as a CA in 1988.

John Waterson

John is a director with KPMG in Scotland in the financial services practice.  He works on a number of banking and investment management external and internal audit clients and has a strong financial services background given his audit experience on FTSE 100 across Insurance, Banking & Investment Management clients.  John joined ICAS in 2007.

Mark O’Sullivan

Mark leads PwC’s Corporate Reporting and Governance team in the UK. He has over a decade of experience in advising many leading organisations on current and best practices in reporting, the effectiveness of their corporate reporting and the implementation of new reporting strategies in order to meet the needs of the capital markets and the increasing regulation around corporate reporting.

Michelle Crickett

Michelle is Director of Research at ICAS and qualified as a CA in 1998.  After qualification Michelle worked in Practice before joining ICAS in 2005. Michelle is responsible for the Research Centre at ICAS and is also involved in pro-active projects undertaken by the ICAS technical team.

Rosalind Szentpeteri

Rosalind is a Project Director in the Accounting and Reporting Policy team at the Financial Reporting Council (FRC). She specialises in corporate reporting and is the author of Clear & Concise: Developments in Narrative Reporting. Her expertise includes working on the development of the FRC’s Guidance on the Strategic Report, the UK implementation of the EU Directive on disclosure of non-financial and diversity information, and leading the FRC’s research on climate change disclosures. Rosalind also leads the FRC’s work on revenue recognition, accounting for goodwill, intangible assets and impairment, and the FRC’s response to the IASB’s Disclosure Initiative. She previously spent 7 years with EY, qualifying as a CA in 2010

Steven Mitchell

Steven heads up the corporate reporting output at Tayburn in Edinburgh, an award winning creative branding and design agency. Tayburn's role is to help corporate brand owners challenge the unremarkable and create exciting new connections between their brand and their stakeholders. They create strategies, ideas, experiences, and communications that will get a brand noticed, remembered, and talked about.  Steven joined Tayburn in 1996 and since then has challenged the unremarkable with a wide variety of clients including SSE, Aggreko, Scottish Water, STV, SGN, Macfarlane Group and The Jockey Club.   His experience of online and printed corporate communications covers both annual reporting and sustainability focused reporting too.


  • Committees and boards
  • Corporate and financial reporting

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