Accounting Roundup - Closing Out 2020
Closing Out 2020 discusses the significant corporate reporting issues relevant to 31 December 2020 annual reports, covering areas of regulatory focus identified in the FRC's annual review of corporate reporting 2019/20, issues arising from the COVID-19 pandemic and the current economic environment and developments in reporting standards and areas of investor interest.
The issues affecting December 2020 reporters include:
- the challenge of reporting in times of uncertainty, including the effects of COVID-19 and Brexit;
- the impact of climate change on the business and corporate reporting implications;
- the new requirements for extended energy and carbon disclosures;
- reporting on other critical areas including section 172(1), workforce engagement and new directors’ remuneration requirements; and
- areas of regulatory focus identified in the FRC's annual review of corporate reporting 2019/20 including cash flow statements, judgements and estimates and going concern.
Our Closing Out 2020 publication covers all these topics and more, providing an invaluable guide to the issues affecting today’s corporate reporting.