Events FRC Webinar: Review of Interim Reporting

FRC Webinar: Review of Interim Reporting

16 Jun 2021 12:00pm to 1:00pm
Location: Teams Live (a link will be sent to registered attendees in advance of the webinar) 
Ahead of the 2021 interim reporting season, the FRC will be hosting a webinar to discuss the findings from its recent review of interim reporting which highlighted examples of good reporting practice and areas where further improvements are required. High-quality reporting is vital for investors and other users of accounts to make better informed decisions about a company’s health and prospects. The webinar will be particularly useful for preparers, auditors, investors and other users of interim reports.
 
About the FRC's review:

The FRC reviewed the reports of 20 quoted companies across a range of industries to assess the quality of interim reporting. Timely and reliable interim reporting is vital for investors, creditors and other stakeholders to properly understand a company’s financial position, performance and liquidity.
 
Overall, the FRC was pleased with the quality of interim reports, with most companies taking into account FRC Covid-19 recommendations to enhance their disclosures, particularly in relation to going concern and the statement of cash flows. For significant events and transactions taking place during the interim period, such as impairments, many companies provided detailed explanations and other helpful information normally reserved for the annual reports and accounts. An area of improvement, however, was with regard to providing better explanations on balance sheet movements.
Ahead of the 2021 interim reporting season, the FRC invites you to a webinar to learn more about its recent review of interim reporting which highlighted examples of good reporting practice and areas where further improvements are required. High-quality reporting is vital for investors and other users of accounts to make better informed decisions about a company’s health and prospects. The webinar will be particularly useful for preparers, auditors, investors and other users of interim reports.
When:
 
To register for the webinar click here (a Teams Live link will be sent to registered attendees prior to the event).
 
About the review:

The FRC reviewed the reports of 20 quoted companies across a range of industries to assess the quality of interim reporting. Timely and reliable interim reporting is vital for investors, creditors and other stakeholders to properly understand a company’s financial position, performance and liquidity.
 
Overall, the FRC was pleased with the quality of interim reports, with most companies taking into account FRC Covid-19 recommendations to enhance their disclosures, particularly in relation to going concern and the statement of cash flows. For significant events and transactions taking place during the interim period, such as impairments, many companies provided detailed explanations and other helpful information normally reserved for the annual reports and accounts. An area of improvement, however, was with regard to providing better explanations on balance sheet movements.

 
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