The Financial Reporting Council has, ahead of the 2016 reporting season, written to around 1,200 large and smaller listed companies with guidance on those aspects of annual reports that companies should aim to improve: see here (pdf). The FRC's letter notes, amongst many things, the increased scrutiny by stakeholders of companies' tax strategies, and states that companies should describe any material risks relating to the sustainability of their strategies relating to tax. The letter states that the FRC will soon publish its annual review of corporate reporting (for 2015/16).
Wednesday 12 October 2016
UK: FRC guidance - year end advice for preparers of accounts
The Financial Reporting Council has, ahead of the 2016 reporting season, written to around 1,200 large and smaller listed companies with guidance on those aspects of annual reports that companies should aim to improve: see here (pdf). The FRC's letter notes, amongst many things, the increased scrutiny by stakeholders of companies' tax strategies, and states that companies should describe any material risks relating to the sustainability of their strategies relating to tax. The letter states that the FRC will soon publish its annual review of corporate reporting (for 2015/16).
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