Financial Reporting Lab reveals its to-do list
FRC's Financial Reporting Lab to-do list weighted towards financial statements, but other projects "welcome"
FRC's Financial Reporting Lab to-do list weighted towards financial statements, but other projects "welcome"
THE FRC’S Financial Reporting Lab has unveiled its to-do list, with financial statements the top priority.
Net debt reconciliation, cash-flow statements and tax reconciliation are all on the list, while narrative reporting and governance also make brief appearances.
Led by PwC’s investor expert Alison Thomas, the FRC said the list of topics is not set in stone and suggestions for projects of any size and scope are welcome.
One of the Lab’s first moves will be an examination of best practice, looking at companies that have made efforts to respond to investor needs in recent years to see whether improvements are up to scratch.
More about:
The numbers you crunch tell a story. Your expertis...
12yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleThe accountancy watchdog said the investigation was dropped as there was not a 'realistic prospect that a tribunal would make an adverse finding again...
View articleCorrective action has been taken by Sports Direct into its international stores reporting, following a review by accounting's watchdog Read More...
View articlePaul Boyle is appointed as the president of the Chartered Institute of Internal Auditors Read More...
View articlePaul Druckman has been appointed to the board of the Financial Reporting Council (FRC) Read More...
View articleFRC investigates why an arrangement between Sports Direct and Barlin Delivery was not disclosed in the company’s financial statements as a related par...
View articleDeloitte has been fined a record £4m and its partner John Clennett fined £150,000 for misconduct regarding Aero Inventory Read More...
View articleThe UK’s decision to leave the EU has raised questions about whether the FRC's regulatory framework should change in the future Read More...
View articleThe amendments to FRS 101 are limited, and predominately provide exemptions from many of the disclosure requirements of IFRS 15 Read More...
View article