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

Need to know — FRC publishes consultation on amendments to its Guidance on the Strategic Report Image

Need to know — FRC publishes consultation on amendments to its Guidance on the Strategic Report

30 Aug, 2017

This edition of Need to Know outlines the FRC's consultation on amendments to its Guidance on the Strategic Report.

Governance in brief — FRC’s CRR report calls for more tax and stakeholder reporting as well as better business model, risk and judgement disclosures Image

Governance in brief — FRC’s CRR report calls for more tax and stakeholder reporting as well as better business model, risk and judgement disclosures

03 Nov, 2016

The Financial Reporting Council (FRC) has issued its 2015/16 Corporate Reporting Reporting (CRR) annual report, which reflects the political agenda and the social mood by encouraging business to enhance tax disclosures and include disclosures on wider stakeholder considerations around how the directors have discharged their duties. This edition of Governance in brief explores the findings in the 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.

Need to Know — FRC issues final guidance on going concern and reporting on solvency and liquidity risks for non-Code companies Image

Need to Know — FRC issues final guidance on going concern and reporting on solvency and liquidity risks for non-Code companies

09 May, 2016

This edition outlines the contents of the FRC's final guidance on going concern and reporting on solvency and liquidity risks for those companies that do not apply the UK Corporate Governance Code.

Need to know — FRC publishes Guidance on the Strategic Report Image

Need to know — FRC publishes Guidance on the Strategic Report

16 Jun, 2014

This newsletter discusses the key points of the Guidance on the Strategic Report published in June 2014 by the UK Financial Reporting Council.

Charities Alert — Strategic reports for charitable companies Image

Charities Alert — Strategic reports for charitable companies

06 Feb, 2014

This publication from Deloitte discusses the implications of the Strategic Report requirements as set out in The Companies Act 2006 (Strategic Report and Directors’ Report) Regulations 2013 (the ‘narrative reporting regulations’) for Charities.

Deloitte comment letter on the FRC's Exposure Draft: Guidance on the Strategic Report Image

Deloitte comment letter on the FRC's Exposure Draft: Guidance on the Strategic Report

20 Nov, 2013

We have published our comment letter on the Financial Reporting Council's (FRC) Exposure Draft: Guidance on the Strategic Report, which sets out detailed guidance for companies preparing a strategic report in compliance with the revised narrative reporting regulations issued by the United Kingdom Department for Business, Innovation and Skills (BIS).

The Strategic Report — A practical guide Image

The Strategic Report — A practical guide

09 Oct, 2013

The new narrative reporting legislation, effective for periods ending on or after 30 September 2013, provides the opportunity for UK companies to take a fresh look at the structure and content of what is commonly termed the ‘front half’ of the annual report. This publication from Deloitte is designed to help businesses make their strategic reports as valuable for users as possible. As well as providing guidance on the key requirements of the existing and new legislation, it provides useful insights into what those requirements really mean and how they might be best approached in practice.

Governance in brief: The new

Governance in brief: The new "Strategic Report"

16 Sep, 2013

This publication from Deloitte (UK) discusses the requirements of the Strategic Report which all UK companies (except those that are small), whether listed or unlisted, will have to replace the current business review with for accounting periods ending on or after 30 September 2013. This publication discusses the FRC Consultation Draft of best practice guidance on assisting companies to prepare the Strategic Report including the main guiding "principles" and the content elements of a Strategic Report.

The Strategic report - Unlisted companies Image

The Strategic report - Unlisted companies

11 Sep, 2013

This publication explains the impact of the new narrative reporting regulations for unlisted companies and lays out the minimum requirements that must be met in respect of the new strategic report, as well as highlighting some thoughts for better practice. A summary of the key requirements applicable to unlisted companies is also included.

Need to Know - New UK narrative reporting regulations Image

Need to Know - New UK narrative reporting regulations

14 Jun, 2013

This publication from Deloitte (UK) discusses the long-awaited narrative reporting regulations issued by the United Kingdom Department for Business, Innovation and Skills (BIS). The regulations which have now been finalised and laid before parliament are the UK government’s response to a project that began in 2010 and are intended to make narrative reporting simpler, clearer and more focussed. The regulations will come into force for periods ending on or after 30 September 2013.

iGAAP Alert — Draft regulations proposing a new structure for narrative reporting in the UK Image

iGAAP Alert — Draft regulations proposing a new structure for narrative reporting in the UK

24 Oct, 2012

This alert from Deloitte (United Kingdom) the draft regulations published by the United Kingdom Department for Business, Innovation and Skills (BIS), which propose restructuring narrative reporting for all UK companies.

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