FRC issues a further update responding to country and currency risk in financial reporting
Jun 19, 2012
The UK Financial Reporting Council (FRC) has issued a further ‘Update to Directors of Listed Companies: Responding to heightened country and currency risk in interim financial reports’. This is a follow-up to the report released in January 2012, issued because the FRC noted many good practices in country and currency risk reporting in annual reports submitted after the January update.
This Update aims to provide UK listed companies with issues that may occur when responding to the heightened economic uncertainty when preparing their interim financial reports. The Update notes the following issues to consider:
- Our earlier story on the January 2012 FRC Update