High-quality disclosures needed to reflect impact of Covid-19
Released 21 July 2020
The Financial Reporting Council (FRC) has completed its first thematic review of company reporting since the onset of Covid-19 pandemic.
The review found that although companies provided sufficient information to enable a user to understand the impact Covid-19 had on their performance, position and future prospects, some – particularly interim reports – would have benefited from more extensive disclosure.
Further information can be found at https://www.frc.org.uk/news/july-2020/high-quality-disclosures-needed-to-reflect-impact.