The future of corporate reporting
Background
The Financial Reporting Council (FRC) is undertaking a major new project on the future of corporate reporting. As part of this project, it has launched an online survey to gather the views of a wide range of stakeholder seeking to answer the question 'what information do users need'.
The aim of the project is to make recommendations for improvements to current regulation and practice and develop ‘blue sky’ thinking on corporate reporting. A key aim of the project is to challenge the FRC to think more broadly about how to promote greater ‘brevity, comprehensibility and usefulness in corporate reporting’ moving forward.
Summary results will be published alongside the future of corporate reporting thought leadership paper in 2020
Project Milestones
A discussion paper was issued by the FRC in October 2020. A feedback statement following the paper was published in July 2021.
