FRC Lab reminders for the 2014 reporting season
05 Nov, 2014
The Financial Reporting Council (FRC) has issued a summary of key findings from reports produced by the Financial Reporting Lab which companies should consider addressing during the 2014 reporting season.
The summary brings together key findings from reports on:
- Presentation of market risk disclosures;
- Debt terms and maturity tables;
- Net debt reconciliations; and
- Operating cash flows.
The summary highlights "areas where relatively simple changes could improve corporate reporting, enhancing the usefulness of reports for investors".
As well as taking on board the key messages from the Financial Reporting Lab reports, the summary also highlights that companies may wish to consider the Corporate Reporting Review Annual Report 2014, issued by the FRC in October, which summarises the FRC’s findings for the year and emphasises areas of reporting focus for Boards in the next reporting season.
The press release and full summary can be obtained from the FRC website.