Wednesday, 6 April 2011

UK: cutting clutter in annual reports - FRC report

The Financial Reporting Council has today published a report titled Cutting Clutter: Combatting Clutter in Annual Reports: see here (pdf). The report defines clutter as including [a] immaterial disclosures that inhibit the ability to identify and understand relevant information and [b] explanatory information that remains unchanged from year to year. It identifies some of the causes of clutter and provides those preparing annual reports with practical aids for reducing clutter, giving ideas for how disclosures might look without the clutter, and factors to consider when planning the annual report process.

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