Radley Yeldar pans interim statements
Consultancy highlights the emergence of teething problems relating to companies meeting new reporting requirements
Companies’ efforts to meet an EU
Directive have been found to be wildly inconsistent.
Consultants Radley Yeldar highlighted the differences that have emerged
between companies’ interim management statements.
As reported by Accountancy Age last month, companies are now
required to produce an IMS during the first and third quarters of their
financial year, but some companies are not providing the required information,
while others are producing reams of data.
FTSE 100 giant Severn Trent produced an IMS consisting of 28 words, while
British Energy produced a 29-page document.
Radley Yeldar called on the FSA to clarify what was required of companies to
create a level playing field.