Tag: viability report
FRC urges companies to provide ‘full disclosure’ of survival prospects
The UK financial watchdog warns that reporting should reflect the impact of Covid-19—under different scenarios—on liquidity, viability and solvency.
Corporates must get to grips with new accounting standards, says FRC
Clear disclosures about the effect of major new accounting standards, alongside better linkage between strategy, KPIs and remuneration, are areas under the gaze of the Financial Reporting Council.
A long way to go
Things have improved since the “dog’s breakfast” resulting from the first year of strategic reporting. But there are still big issues to grapple with to avoid reports growing longer while failing to add substance.