Published.pdf

Interim-Thematic-Review-FINAL.pdf
Preview of published
🔗 Source: frc.org.uk
📊 Size: 1.43 MB
📄 Pages: 50 pages
⬇️ Downloads: 109

Summary

The Financial Reporting Council (FRC) conducted a thematic review of interim reporting, focusing on 20 entities listed on the London Stock Exchange with interim periods ending between June 2020 and September 2020. The review highlighted areas of good practice and suggested improvements, particularly in relation to going concern, cash flow information, and impairments. Key observations included:

Overall quality of interim reports was pleasing
Companies enhanced disclosures on going concern and cash flow information
Management commentaries provided useful overviews of key events and their impact on operations and results
Companies provided detailed explanations of Alternative Performance Measures (APMs) and reconciliations to GAAP measures
Better disclosures of impairments included reasons for impairments and quantified key assumptions
Opportunities for further improvement remain, and companies are encouraged to consider the review's findings when preparing forthcoming interim reports.

Description

The Financial Reporting Council (FRC) conducted a thematic review of interim reporting, focusing on 20 entities listed on the London Stock Exchange with...

Technical Information

  • File Format: PDF
  • File Size: 1.43 MB
  • Pages: 50
  • Language: EN
  • Total Downloads: 109
  • Last Updated: 1 week ago

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