FRRP keeps focus on bank reports

Banking financial reports will again come under extra scrutiny from the UK’s

The Financial Reporting Review Panel said the accounts of the banking sector,
retail, travel and leisure, commercial property and housebuilders would continue
to be closely watched across 2009/2010.

With the struggling economy, the FRRP will extend its gaze to take into
account other services sectors such as advertising, media, recruitment and

‘In this difficult economy it is more important than ever that directors try,
so far as they can, to offer a clear account of their company’s achievements and
the risks that the company faces,’ said Bill Knight, chairman of the panel. The
panel will encourage clarity and frankness in compliance with the law.’

Further reading:

Reporting issues flagged by

FRRP raps Wilmington put option

Related reading