The following update is relevant to – all those responsible for preparing annual reports, especially in corporates. On 11 October, the Financial Reporting Council (FRC) issued guidance to preparers of annual reports of around 1,200 large and smaller listed companies. The letter highlights key issues and improvements that can be made to annual reports in […]

On 20 July, the Financial Reporting Council (FRC) published a report on the results of its study of the relationship between corporate culture and long-term business success in the UK, ‘Corporate culture and the role of boards’. The FRC explains in its press release: ‘stakeholders and society in general have a vested interest in healthy […]

On 18 September 2014, the FRC published its final Guidance on Risk Management and Internal Control and Related Financial and Business Reporting (following a consultation which was published on 08 November 2013). This new guidance replaces the Turnbull Guidance (Internal Control: Revised Guidance on the Combined Code issued in 2005) and the FRC’s guidance on […]