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

  • Financial Reporting Lab Image

15 Sep 2020

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

The scope of the project will include:

  • exploring whether and how companies’ risk identification, risk management and scenario planning processes are evolving and how this is impacting reporting and disclosure.
  • determining whether the time horizons utilised in scenario planning have changed.
  • considering how companies communicate uncertainty in their disclosures.
  • discussing which areas of reporting are most challenging for companies.
  • exploring examples of risks and related disclosures where investor focus has been heightened by the current pandemic (for example, supply chain risk, existential risk/viability of business model).
  • analysing how investors use this information in their decision-making process and identify whether reporting meets investor needs;
  • discussing what types of disclosures would be most useful in interim reports; and
  • highlighting best practice in current company reporting.

A press release and further information are available on the FRC website.

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