Publications on the strategic report

The Strategic report is under the spotlight and is a constant area of FRC challenge. From ensuring that relationships and linkages between financial and non-financial reporting information are clearly explained to complying with the enhanced reporting under the EU non-financial reporting directive and providing better information on how boards have fulfilled their duty under s172 when taking decisions to promote the long term success of the company. There are many things to consider. The FRC draft updated Guidance on the Strategic Report will help companies to improve in these areas.

Risk reporting and viability statements is another area of FRC and investor scrutiny with calls for greater differentiation of the time periods used by different companies and sectors and a clear rationale for the period selected. Companies are encouraged to revisit their assessment of the risks and ongoing uncertainties regarding the effects of the EU referendum and impact of other systematic risks, making appropriate disclosures to reflect their latest analysis and how this has developed over the year.

This page includes a comprehensive collection of publications — organised chronologically — specifically on the strategic report.

Related publications

Annual report insights 2020-Surveying FTSE reporting Image

Annual report insights 2020-Surveying FTSE reporting

29 Oct, 2020

Our latest annual reporting survey, Annual report insights 2020, provides insights into practices in annual reporting, focusing on areas where requirements have changed, where regulators are focusing or where innovative practices are emerging.

A Closer Look - Streamlined energy and carbon reporting Image

A Closer Look - Streamlined energy and carbon reporting

12 Jun, 2020

Regulations intending to streamline energy and carbon reporting extend the current disclosures in annual reports for quoted companies and bring large unquoted companies and large limited liability partnerships (LLPs) into scope for periods beginning on or after 1 April 2019.

Podcast (mid blue) Image

Stay Tuned Online - IFRS and UK GAAP Update April 2020

28 May, 2020

Stay Tuned Online is an online financial reporting update, aimed at helping finance teams keep up to speed with IFRS and UK financial reporting issues. Each update lasts about an hour.

Podcast (mid blue) Image

Stay Tuned Online - IFRS and UK GAAP Update December 2019

13 Jan, 2020

Stay Tuned Online is an online financial reporting update, aimed at helping finance teams keep up to speed with IFRS and UK financial reporting issues. Each update lasts about an hour.

Accounting Roundup - Closing Out 2019 Image

Accounting Roundup - Closing Out 2019

10 Dec, 2019

Closing Out 2019 discusses the significant corporate reporting issues relevant to 31 December 2019 annual reports, covering areas of regulatory focus identified in the FRC’s Annual Review of Corporate Reporting 2018/2019 and the ESMA’s common enforcement priorities for issuers in the European Union, together with other developments in reporting standards and areas of investor interest.

Governance in focus — On the board agenda 2020 Image

Governance in focus — On the board agenda 2020

05 Dec, 2019

As 2019 draws to a close, our annual review of board topics will stimulate your thinking and help prepare you for the year ahead. After pieces on the economic outlook, the Nine Big Shifts and the “Social Enterprise”, we pull together, in one place, a series of articles reviewing many topics on the board agenda across four key themes – responsible business, risk & internal controls, remuneration and year-end reporting & assurance. Our annual review is, once again, a full read as there is much to consider.

Governance in brief — FRC issues advice on annual reports for 2019/20 reporting season Image

Governance in brief — FRC issues advice on annual reports for 2019/20 reporting season

14 Nov, 2019

The FRC has issued its Annual Review of Corporate Reporting and annual open letter to finance directors and audit committee chairs covering its perspectives on key developments and areas of focus for 2019/20 annual reports. The report sets out the FRC’s “expectations for corporate reporting to improve trust in business”, emphasising the annual report is a vehicle of trust and stewardship.

Need to Know - New reporting requirements for large private companies Image

Need to Know - New reporting requirements for large private companies

31 Oct, 2019

This Need to Know addresses the new reporting requirements for large private companies in annual reports for periods commencing on or after 1 January 2019 under the Companies (Miscellaneous Reporting) Regulations 2018 (SI 2018/860).

Annual report insights 2019 — Surveying FTSE reporting Image

Annual report insights 2019 — Surveying FTSE reporting

21 Oct, 2019

Our latest annual reporting survey, Annual report insights 2019, provides insights into practices in annual reporting, focusing on areas where requirements have changed, where regulators are focusing or where innovative practices are emerging.

Need to Know - FRC Guidance on the Strategic Report Image

Need to Know — FRC Guidance on the Strategic Report

07 Mar, 2019

This publication examines the revisions made in the Financial Reporting Council’s (FRC's) revised Guidance on the Strategic Report, published on 31 July 2018.

Podcast (mid blue) Image

Stay Tuned Online - IFRS and UK GAAP Update December 2018

18 Dec, 2018

Stay Tuned Online is an online financial reporting update, aimed at helping finance teams keep up to speed with IFRS and UK financial reporting issues. Each update lasts about an hour, and sessions are normally held three times a year –the next one will come out in Spring 2019.

Accounting Roundup - Closing Out 2018 Image

Accounting Roundup - Closing Out 2018

13 Dec, 2018

Closing out 2018 discusses the significant corporate reporting issues relevant to 31 December 2018 annual reports, covering areas of regulatory focus identified in the FRC’s Annual Review of Corporate Reporting 2017/2018, the ESMA’s common enforcement priorities for issuers in the European Union together with developments in reporting standards and areas of investor interest.

Governance in brief — GC100 issues practical advice to directors on performance of their s172 duty Image

Governance in brief — GC100 issues practical advice to directors on performance of their s172 duty

06 Dec, 2018

GC100, the group of General Counsels of the FTSE 100, has issued updated guidance to help directors in performance of their duty under section 172 of the Companies Act 2006.

Governance in brief— FRC issues advice on annual reports for the 2018/19 reporting season Image

Governance in brief — FRC issues advice on annual reports for the 2018/19 reporting season

06 Dec, 2018

The Financial Reporting Council (FRC) has issued its Annual Review of Corporate Reporting and annual letter to finance directors and audit committee chairs covering its perspective on key developments for 2018/19 annual reports.

Annual report insights 2018 — Surveying FTSE reporting Image

Annual report insights 2018 — Surveying FTSE reporting

28 Sep, 2018

In this publication we aim to provide insight into practices in annual reporting, focusing on areas where requirements have changed, where regulators are focusing or where innovative practices are emerging.

Accounting Roundup - Closing Out 2017 Image

Accounting Roundup - Closing Out 2017

27 Nov, 2017

Closing out 2017 discusses the significant corporate reporting issues relevant to 31 December 2017 annual reports, covering areas of regulatory focus identified in the FRC’s Annual Review of Corporate Reporting 2016/2017, ESMA’s common enforcement priorities for issuers in the European Union together with developments in reporting standards and areas of investor interest.

Governance in brief — FRC issues advice on annual reports for 2017/18 reporting season Image

Governance in brief — FRC issues advice on annual reports for 2017/18 reporting season

26 Oct, 2017

During October the Financial Reporting Council (FRC) issued its 2016/17 Annual Review of Corporate Reporting and its annual letter to FTSE 350 finance directors and audit committee chairs. This edition of Governance in brief explores the findings in the Corporate Reporting Review (CRR) annual report, the recommendations in the FRC’s year-end advice letter to preparers and the aspects of financial statements and broader corporate reporting that the FRC is looking to companies to focus on in the coming year.

Deloitte Comment Letter on the FRC's consultation - Draft amendments to Guidance on the Strategic Report - Non-financial reporting Image

Deloitte Comment Letter on the FRC's consultation - Draft amendments to Guidance on the Strategic Report - Non-financial reporting

23 Oct, 2017

We have published our comment letter on the Financial Reporting Council's (FRC's) consultation on amendments to its Guidance on the Strategic Report.

Annual report insights 2017 — Surveying FTSE reporting Image

Annual report insights 2017 — Surveying FTSE reporting

03 Oct, 2017

Our latest annual reporting survey, 'Annual report insights 2017' provides insights into narrative and financial reporting trends for UK listed companies, together with ideas to help them improve their annual reports. Hot topics including Brexit disclosures, governance reform and integrated reporting are all addressed.

Governance in brief — FRC encourages broader reporting of company purpose and impact in proposed revisions to the Guidance on the Strategic Report Image

Governance in brief — FRC encourages broader reporting of company purpose and impact in proposed revisions to the Guidance on the Strategic Report

11 Sep, 2017

The FRC has published proposed revisions to its Guidance on the Strategic Report. These revisions encourage companies to report on broader matters that may impact the value and sustainability of business over the longer term and reflect new corporate reporting requirements arising from changes to the Companies Act 2006 which implement the EU Non-Financial Reporting Directive.

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