FRC pushes companies for improved quality reporting

  • FRC (United Kingdom Financial Reporting Council) Image

Oct 24, 2018

On October 24, 2018, the Financial Reporting Council (FRC), in an open letter to Finance Directors and Audit Committee Chairs, called for improvements in key areas of corporate reporting, including key accounting judgements and estimates, eliminating basic errors and how companies have applied the Principles of the UK Corporate Governance Code.

The letter draws on findings from the FRC’s work on corporate governance and corporate reporting in Annual Review of Corporate Governance and Reporting 2017/18. It also refers to topical areas of reporting, including the UK’s exit from the EU.

Review the press release and the letter on the FRC's website.

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