Covid-19 Thematic Review: Review of financial reporting effects of Covid-19 summarises the key findings of our review of the financial reporting effects of Covid 19 for a sample of interim and annual reports and accounts with a March period end.
COVID-19 – Going concern, risk and viability Reporting in times of uncertainty provides further practical advice to companies following the Lab’s infographic issued in March setting out the disclosures investors expect to see from companies during this time of uncertainty.
COVID-19 – Resources, action, the future Reporting in times of uncertainty gives specific guidance on going concern, risk and viability disclosures.
Updated Guidance for companies on Corporate Governance and Reporting (Including Exceptional & APM's)
Revised guidance issued (20 May)
Updated Guidance for companies on Corporate Governance and Reporting (Including Interim Reports)
Revised guidance highlighting key areas of focus for boards in maintaining strong corporate governance and provide high-level guidance on some of the most pervasive issues when preparing their annual report and other corporate reporting with additional notes on Interim reporting (12 May)
Modified Audit Opinions during Covid-19 crisis
Modifications of Independent Auditor’s Opinions and Reports (21 April)
Measures in respect of Company filings, AGMs and other general meetings during Covid-19
This Q&A is designed to provide companies with additional information upon which to plan activities over the coming months following the announcement from the Government in which they promised toassist those companies for which COVID-19 restrictions make it difficult to meet statutory obligations to hold meetings and to file documentation on the Companies Register. Those measures are being developed urgently. (17 April)
AGM's & COVID-19
Guidance on how to arrange and conduct AGMs in light of Covid-19 has been published by ICSA (The Chartered Governance Institute) in conjunction with the FRC and Slaughter & May.
(9 April (Revised))
Guidance for companies & auditors (Joint)
The Financial Conduct Authority (FCA), Financial Reporting Council (FRC) and Prudential Regulation Authority (PRA) have today announced a series of actions to ensure that information continues to flow to investors and to support the continued functioning of the UK’s capital markets.
The FRC has published guidance for companies preparing financial statements and a bulletin for auditors covering factors to be taken into account when carrying out audits during the current Covid-19 crisis. (26 March)
Updated Guidance for companies on Corporate Governance and Reporting
In this paper, we highlight some key areas of focus for boards in maintaining strong corporate governance and provide high-level guidance on some of the most pervasive issues when preparing their annual report and other corporate reporting.(26 March)
Corporate Reporting Moratorium
The Financial Conduct Authority (FCA) has requested that all listed companies observe a moratorium on the publication of preliminary financial statements for at least two weeks. The Financial Reporting Council (FRC) has worked closely with the FCA and other regulatory bodies over the past few weeks and fully supports the FCA’s request.(23 March)
Extended Filing Guidance
Updated advice on company accounts filing (19 March)
AGM's & COVID-19
Guidance on how to arrange and conduct AGMs in light of Covid-19 has been published by ICSA (The Chartered Governance Institute) in conjunction with the FRC and Slaughter & May.
(18 March)
(FRC) Five questions investors want to know the answer to
In this infographic the Lab cover five key areas want information on now. (26 March)