Publications 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 publications on s172.
Related Publications
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22 Dec, 2023
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Accounting roundup — Closing Out
12 Dec, 2023
Closing Out is a one stop guide covering key corporate reporting issues to be aware of when approaching year-end and interim reporting.
Accounting roundup — Closing Out 2022
10 Jan, 2023
Closing Out 2022 discusses the principal corporate reporting issues arising in respect of 31 December 2022 annual reports, covering areas of regulatory focus identified in the Financial Reporting Council’s (FRC's) Annual Review of Corporate Reporting 2021/2022 and issues arising from the current uncertain economic environment.
Governance in focus — On the board agenda 2023
07 Dec, 2022
As 2022 draws to a close, our annual review of board topics has two objectives – first, to act as a reminder of key matters for the reporting season, and second, to help you set the agenda for the year ahead.
Corporate Reporting Insights 2022 — Surveying FTSE reporting
08 Nov, 2022
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Accounting roundup — Closing Out 2021
16 Dec, 2021
Closing Out 2021 discusses the principal corporate reporting issues arising in respect of 31 December 2021 annual reports, covering areas of regulatory focus identified in the FRC’s Annual Review of Corporate Reporting 2020/2021, issues arising from climate change including new and forthcoming climate-related disclosures and developments in reporting standards.
Governance in focus — On the board agenda 2022
03 Dec, 2021
As 2021 draws to a close, our annual review of board topics will stimulate your thinking and help prepare you for the year ahead. Across the board, expectations of business are rising and it is this demanding environment which shapes the articles in this year’s publication.
Governance in brief — FRC issues advice on annual reports for 2021/22 reporting season
11 Nov, 2021
The FRC issues advice on annual reports for 2020/21 reporting season
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26 Oct, 2021
Our latest annual reporting survey, Annual report insights 2021, provides insights into practices in annual reporting, focusing on areas where requirements have changed, where regulators are focusing or where innovative practices are emerging.
Governance in focus — On the board agenda 2021
10 Dec, 2020
As 2020 draws to a close, our annual review of board topics will stimulate your thinking and help prepare you for the year ahead.
Accounting Roundup - Closing Out 2020
10 Dec, 2020
Closing Out 2020 discusses the significant corporate reporting issues relevant to 31 December 2020 annual reports, covering areas of regulatory focus identified in the FRC's annual review of corporate reporting 2019/20, issues arising from the COVID-19 pandemic and the current economic environment and developments in reporting standards and areas of investor interest.
Governance in brief - FRC issues advice on annual reports for 2020/21 reporting season
23 Nov, 2020
FRC issues advice on annual reports for 2019/20 reporting season
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29 Oct, 2020
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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.
The new section 172(1) statement – observations from first reporters
29 Apr, 2020
This survey presents a picture of how the first wave of December year-end reporters have approached the new section 172(1) statement. It examines emerging practices and provides some example disclosures.
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
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
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
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
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).