FRC

News Item

FRC Report highlights Investor Demand for Workforce Disclosure

Investors are increasingly demanding more extensive and clearer reporting on environmental, social and governance (ESG) factors, and while the E of ESG commands the majority of attention, governance should not be overlooked. The UK’s recent Financial Reporting Council report on workforce related corporate reporting identifies areas where companies need to improve in order to reflect […]

News Item

FRCLeasingReporting

FRC Outlines Leasing Standard Best Practice

By Editor

A new report from the UK’s Financial Reporting Council recommends that companies applying the new standard on lease accounting provide more information on its effects. IFRS 16 Leases, which became mandatory on 1 January 2019, requires companies to bring most leases on balance sheet in order to give a more faithful representation of assets and […]

News Item

ESGFRCInvestorReportingSustainabilityUK

Climate Reporting Falls Short of Investor Expectations

By Editor

A new UK Financial Reporting Council (FRC) report indicates that companies are falling short of investor expectations for quality, granular climate-related reporting. As we heard from SASB at Data Amplified, demand for climate-related reporting is growing. However, for reporting to be useful for investors, it needs to be clear and comparable. The FRC report provides practical guidance to […]

News Item

DisclosureFRCinvestorsUK

FRC Investigate Cash Flow Disclosures

By Editor

The UK’s Financial Reporting Council (FRC) have published a report examining how effective disclosures of cash flow in annual reports are for investor needs. Investors need information on the generation, availability and use of cash as part of their assessment and analysis – but do current cash flow statements provide enough information? The FRC’s report […]

News Item

FRCSECRSustainabilityTaxonomy

FRC Consult on SECR Taxonomy

By Editor

The UK’s Financial Reporting Council (FRC) has opened consultation on the draft Streamlined Energy & Carbon Reporting (SECR) Taxonomy, with comments welcome until September 30. On April 1 2019 the UK government introduced the new SECR policy, building on the previous Mandatory Greenhouse Gas Reporting policy to extend mandatory energy reporting to more companies. The […]

News Item

AIFRC

Can AI Streamline Corporate Reporting?

By Editor

The Financial Reporting Council (FRC) have published a deep-dive report investigating the role AI will play across corporate reporting. The report covers AI basics, how AI can be used for corporate reporting and suggested actions to ensure quality reporting can be powered by AI. Annual reports and other regulatory documents have high levels of standardisation […]

News Item

AuditCMAFRCUK

UK Audit Review

By Editor

Dramatic changes to the UK audit sector were proposed in a report this week setting out recommendations from an independent review of the Financial Reporting Council (FRC). The audit profession and its regulator have been under intense scrutiny following a number of high profile corporate failures. The recommendations address gaps in FRC powers, setting a course for […]

News Item

FRCTaxonomyXBRL

XBRL FRC 2019 Taxonomies suite

By Editor

The UK’s Financial Reporting Council (FRC) has amended its XBRL accounting taxonomies to reflect changes introduced in the UK GAAP triennial review and three new IFRS documents. UK IFRS reporters to HMRC and Companies House will need to use this collection to file their annual accounts. UK GAAP reporters applying the Triennial Review Amendments can […]

News Item

FRCInvestorUK

FRC on Investor Needs from Performance Metrics

By Editor

Investors have clear ideas about the way company metrics can help with asset allocation. Wouldn’t this work better if these disclosures were digital?

News Item

ESMAFRCInline XBRL

Recipe for Success

By Editor

Nice write up this week from the FRC’s Thomas Toomse-Smith, in the Governance Institute’s online magazine, with a set of prescriptions for all those starting to get ready for the ESMA mandate for Inline XBRL filing. The FRC prescribes a strict regime of public-private collaboration. In short: regulators and standards setters need to work together […]

Items tagged with "FRC"

FRC Report highlights Investor Demand for Workforce Disclosure

FRC Outlines Leasing Standard Best Practice

Climate Reporting Falls Short of Investor Expectations

FRC Investigate Cash Flow Disclosures

FRC Consult on SECR Taxonomy

Can AI Streamline Corporate Reporting?

UK Audit Review

XBRL FRC 2019 Taxonomies suite

FRC on Investor Needs from Performance Metrics

Recipe for Success

Tags

FRC

Items tagged with "FRC"

Tags

Would you liketo learn more?

Would you like
to learn more?