FRC guidance on reporting in times of uncertainty
15 October 2020
The Financial Reporting Lab of the Financial Reporting Council (FRC) has released
guidance covering some critical areas of focus for 2020 year-ends.
In view of COVID-19, many companies are facing a challenging year-end. While the
uncertainty creates risks for annual reporting it also presents opportunities. The
two new guides look at key elements in respect of resources, action, and the future
and in respect of going concern, risk, and viability. Both guides:
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summarise key messages from earlier reports;
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provide an update on recent developments in corporate reporting;
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offer some thoughts regarding how corporate reporting can develop; and
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contain practical examples from reports and presentations released by companies.
Please click to access COVID-19: Resources, action, the future - a look
forward and COVID 19: Going concern, risk, and viability - a look
forward on the FRC website.