Gordon Brown has said that companies should make greater efforts to be more
open about their assets and liabilities in the future.
In a letter to The Times, the Prime Minister called for listed businesses to
shed more light on their holdings.
‘We must have stronger international rules for transparency, disclosure and
the highest standards of conduct,’ he said. Successful market economies need
trust, which can only be built through shared values.
‘So as we reform our financial system we should encourage hard work, effort,
enterprise and responsible risk-taking – qualities that markets need to ensure,
so that the rewards that flow are seen to be fair.’
Improvements to cashflow statements are being targeted in a consultation launched by the Financial Reporting Council (FRC)
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges
Dr Richard Willis provides a several thousand-year history lesson of the profession, from origin to modern-day
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season