Closing Out 2019 discusses the significant corporate reporting issues relevant to 31 December 2019 annual reports, covering areas of regulatory focus identified in the FRC's annual review of corporate reporting 2018/19 and the ESMA’s common enforcement priorities for issuers in the European Union, together with other developments in reporting standards and areas of investor interest.

The issues affecting December 2019 reports include:

• Changes to the content of the strategic report, including the new requirement for all large companies to prepare a section 172(1) statement within a separately identifiable section.
• New corporate governance requirements including a new UK Corporate Governance Code for companies with a premium listing and, for very large companies, the requirement to report on their corporate governance arrangements within their directors report.
• Application of IFRS 16 Leases for the first time and, for UK GAAP reporters, consideration of the effect of the first triennial review of FRS 102.
• The expectation for companies to report on other critical areas including climate change, Brexit, supplier financing and dividend policy and practice. 

Our Closing Out 2019 publication covers all these topics and more, providing an invaluable guide to the issues affecting today’s corporate reporting.

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