FTSE 100 companies are
still producing operating and financial reviews (OFRs) even though the
government scrapped the requirement at the end of 2005.
A study by business tank
, released the surprise findings and found that companies had forged ahead
with the OFR because of the investment made in complying with the reporting
According to research in the report, 48 FTSE 100 companies still describe
their narrative report as an
. This, says Tomorrow’s Company, indicates that many companies have derived
tangible benefits from a more detailed reporting on business prospects than the
EU Business Review now generates.
‘We have long believed that the discipline of inclusive reporting is a spur
to better governance and better decision making, which benefits shareholders and
ultimately customers in the marketplace,’ said Mark Goyder, a director at
Simon Wright of CareersinAudit.com discusses how an effective cyber defence force is critical to businesses worldwide and how internal auditors can make the transition to a new career in cyber security
The FRC has said that the investigation will 'consider, but not be restricted to, issues regarding misstated accounting balances'
Mark McMullen joins the private client services team from Smith & Williamson
Merger between Clear & Lane Chartered Accountants and Magma Chartered Accountants was finalised on 3 February