Rely on the most comprehensive, up-to-date legal content designed and curated by lawyers for lawyers
Work faster and smarter to improve your drafting productivity without increasing risk
Accelerate the creation and use of high quality and trusted legal documents and forms
Streamline how you manage your legal business with proven tools and processes
Manage risk and compliance in your organisation to reduce your risk profile
Stay up to date and informed with insights from our trusted experts, news and information sources
Access the best content in the industry, effortlessly — confident that your news is trustworthy and up to date.
With over 30 practice areas, we have all bases covered. Find out how we can help
Our trusted tax intelligence solutions, highly-regarded exam training and education materials help guide and tutor Tax professionals
Regulatory, business information and analytics solutions that help professionals make better decisions
A leading provider of software platforms for professional services firms
In-depth analysis, commentary and practical information to help you protect your business
LexisNexis Blogs shed light on topics affecting the legal profession and the issues you're facing
Legal professionals trust us to help navigate change. Find out how we help ensure they exceed expectations
Lex Chat is a LexisNexis current affairs podcast sharing insights on topics for the legal profession
Discuss the latest legal developments, ask questions, and share best practice with other LexisPSL subscribers
This week’s edition of Corporate highlights includes three thematic reports published by the FRC to help companies improve their corporate reporting in known areas of difficulty, the latest FCA Handbook Notice and MiFID 2 guide and Sir Philip Hampton’s challenge for FTSE 350 companies to increase board diversity.
The Financial Reporting Council (FRC) has published three thematic reports to help companies improve the quality of their corporate reporting in acknowledged areas of difficulty: judgments and estimates, pension disclosures and alternative performance measures (APMs). The reports set out findings from the FRC’s 2016/17 thematic reviews to which companies can refer when preparing their next report and accounts.
The FRC informed sixty companies before their year-end that one of the three themes would be reviewed in their next reports and accounts. The thematic reviews contain the most significant improvements, including extracts from the better disclosures which most closely matched the FRC’s expectations. The FRC expects other companies to use the better examples observed to assess the quality of their own reporting and raise the bar on their disclosures.
Paul George, FRC’s executive director for corporate governance and reporting, said: ‘The great majority of companies approached clearly reviewed and revised the relevant disclosures prior to releasing their next set of report and accounts, which provided better quality information to the market in a timely manner. Many sharpened, and some shortened, the relevant information with a view to providing more granular detail about the issues that really matter to those reading their reports and accounts and wanting a better understanding of the key issues and of how management is dealing with them. We expect others to similarly review their own reports and accounts and look to the characteristics of the better disclosures we identified to inform the continuing development of their reporting’.
For further information, see LNB News 09/11/2017 134.
Access this article and thousands of others like it free by subscribing to our blog.
Read full article
Already a subscriber? Login
0330 161 1234