FRC publishes report on ‘What makes a good annual report and accounts’

  • FRC Image

16 Dec, 2022

The Financial Reporting Council (FRC) has published a report as part of the ‘what makes a good’ series which outlines factors underlying a high quality annual report and accounts.

The report identifies key principles for effective corporate reporting and communication, and also includes some brief reminders of materiality considerations. The FRC expects the annual report to be accurate, connected and consistent, complete, on-time, unbiased, navigable and transparent. Its report also lists and explains the four C’s of effective communication, namely: company specific; clear, concise and understandable; clutter free and relevant; and comparable. The publication reiterates a number of important messages previously communicated by the FRC and serves as a timely reminder of key areas to consider when reviewing annual reports and accounts in the forthcoming reporting season. 

A press release and the full report are available on the FRC website.

Related Topics

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.