News items 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 news items — organised chronologically — specifically on the strategic report.