Governance in brief - FRC issues advice on annual reports for 2020/21 reporting season

Published on: 23 Nov 2020

The FRC has issued its annual open letter covering its perspectives on key developments and areas of focus for upcoming annual reports. This year the letter is addressed to CEOs as well as to CFOs and audit committee chairs.

The letter provides a useful and timely reminder for audit committee agendas. It is detailed, reinforcing messages on reporting issued during this year, and highlights hot topics, drawing on the CRR’s Annual Review of Corporate Reporting. This content indicates just how much there is to bear in mind when preparing this year’s report, including the challenges of COVID-19 and Brexit.

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