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Financial Reporting Lab

The Financial Reporting Lab is an initiative of the Financial Reporting Council (FRC) to bring together companies and investors to improve the effectiveness of corporate reporting. The lab operates in a different way to the more traditional standard-setting activities of the FRC and IASB by providing a ‘safe’ place to experiment with reporting.  Typical projects involve:

  • Testing new reporting formats with investors, and asking investors to indicate where management could provide more valuable information.
  • Gathering and sharing evidence from the wider market to provide feedback on forms of reporting that are more valuable to shareholders.

Projects completed to date (link to FRC website) include:

  • three papers on net debt and cash flow reporting;
  • work on market risk disclosures;
  • piloting various options for a ‘single figure’ for directors’ remuneration prior to BIS legislating for change; and
  • an assessment of audit committee reporting to provide insight on effective approaches in this area.

 

More information

More detail, including details of current projects and published project reports are available on the FRC website and our project page.

 

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.