Tuesday 1 February 2011

UK: company reporting of risk and uncertainties - FRRP expresses concern

In a press release published earlier today, the Financial Reporting Review Panel (FRRP) has expressed concern with the way in which companies are reporting the principal risks and uncertainties facing their business within the business review (as required by Section 417 of the Companies Act (2006)): see here. In its press release the FRRP sets out some questions for boards to consider in respect of their disclosure of the principal risks and uncertainties facing the business.

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