Governance in brief - FRC issues advice on annual reports for 2020/21 reporting season
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.
Read our full publication below.Read our full publication below.
Related Topics
- IAS 39 — Financial Instruments: Recognition and Measurement
- IFRS 7 — Financial Instruments: Disclosures
- IFRS 9 — Financial Instruments
- Corporate Governance
- IAS 7 — Statement of Cash Flows
- IFRS 15 — Revenue from Contracts with Customers
- IFRS 16 — Leases
- IAS 36 — Impairment of Assets
- The UK’s withdrawal from the European Union
- UK Corporate Governance Code
- IAS 1 — Presentation of Financial Statements