Tuesday, 30 October 2018

UK: FRC launches major review of corporate reporting

The Financial Reporting Council has today announced the start of a major project exploring the future of corporate reporting: see here. Nominations for membership of the project advisory group are being sought: see here (pdf). The following themes have been identified for consideration: the information needs of investors and other stakeholders; the purpose of corporate reporting and the annual report; the different forms of corporate communication; the role of financial and non-financial reporting; the role of technology; and the role of assurance.

The FRC expects that the outcome of the project will be a "series of calls for action for changes to regulation and practice" as well as a "thought leadership paper consolidating the outcomes of the project" during the second half of 2019.

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