FRC Future of Corporate Reporting Project

The FRC’s Future of Corporate Reporting project aims to challenge existing thinking about corporate reporting and consider how companies should better meet the information needs of shareholders and other stakeholders.

A matter of principles: The Future of Corporate Reporting

In October 2020 we published a Discussion Paper, A matter of principles: The Future of Corporate Reporting. The paper sets out a bold vision for a new principles-based framework for corporate reporting as a whole. The proposals were designed to be tested with stakeholders and stimulate the conversation about what the future of corporate reporting should look like.

The comment period for the paper closed on 5 February 2021.

Comment letters are accessible here.

Alongside the paper, we have also published:
 

• Understanding research findings and evidence on corporate reporting: An independent literature review, commissioned by the FRC and conducted by the University of Bristol and the University of Exeter; and
• Future of Corporate Reporting: Conclusions from an online survey of FRC stakeholders, summarising the findings of an online survey carried out as part of the project.

Both these sources informed the development of the proposals presented in the Discussion Paper.

The FRC published a feedback statement  on the paper on 30 July 2021.

Disclosure Effectiveness

Further information

Responses and Feedback statement to FRC Discussion Paper Thinking about disclosures in a broader context.

EFRAG, FRC and Autorité des Normes Comptables (ANC) discussion paper, Towards a Disclosure Framework for the Notes (PDF).