News items on s172 reporting

In its Annual Review of Corporate Reporting 2022/23, the Financial Reporting Council (FRC) noted that several companies, including large private companies, did not produce a section 172 statement which is a requirement for all companies except those that qualify as small or medium-sized.  A Financial Reporting Lab report sets out what investors are looking for in this area and how companies can improve their reporting to better meet investor needs.  

The FRC has previously published a set of tips which year-end reporters will also find useful when considering what content to include in a Section 172 statement, how to present it and how to facilitate the process of preparing the statement.  

This page includes all of our news on s172.

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FRC publishes findings on the quality of corporate reporting in 2022/2023

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FRC publishes findings on the quality of corporate reporting in 2021/2022

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FRC Lab publishes report on reporting on stakeholders, decisions and Section 172 statements

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The Financial Reporting Lab of the Financial Reporting Council (FRC) has published its latest report on reporting on stakeholders, decisions and Section 172 statements.

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Financial Reporting Lab publishes its first newsletter for 2021

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The Financial Reporting Lab ("the Lab") has published its first newsletter for 2021 providing highlights of its activities in the first quarter of the year.

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ICAEW publishes guide highlighting key considerations for the 2020/21 reporting season

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The Institute of Chartered Accountants in England and Wales (ICAEW) Financial Reporting Faculty has published a guide highlighting key areas that preparers should focus on in the forthcoming reporting season.

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FRC publishes year-end advice to Audit Committee Chairs and Finance Directors in advance of the 2020/21 reporting season

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Financial Reporting Lab publishes third newsletter of 2020

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FRC publishes findings on the quality of corporate reporting in 2019/2020

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FRC Lab publishes a set of tips to help companies make S172 statements more useful

14 Oct, 2020

The Financial Reporting Lab of the Financial Reporting Council (FRC) has published a set of tips intended to help companies consider what content to include in a Section 172 statement, how to present it and how to facilitate the process of preparing the statement.

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Financial Reporting Lab calls for participants in a new Lab project: reporting on risks, uncertainties and scenarios

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The Financial Reporting Lab has called on investors and companies to participate in a new project on corporate disclosures on risks, uncertainties and scenarios.

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Financial Reporting Lab calls for participants in a new Lab project: reporting on stakeholders and Section 172 disclosures

13 Jul, 2020

The Financial Reporting Lab has called on investors and companies to participate in a new project on corporate disclosures on stakeholders, including statements in response to Section 172 of the Companies Act.

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FRC updates its COVID-19 guidance for companies to include reporting of exceptional items and APMs

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The Financial Reporting Council (FRC) has updated its COVID-19 guidance for companies to explain how they should report exceptional items and alternative performance measures (APMs) in their reports and accounts in light of COVID-19.

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FRC issues editorial updates to the 2018 Guidance on the Strategic Report

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The Financial Reporting Council (FRC) has issued editorial updates to Appendix II and Appendix III of its 2018 Guidance on the Strategic Report .

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