The Financial Reporting Council (FRC) has completed its first thematic review of company reporting since the onset of COVID-19 pandemic. The review itself has information which members may find beneficial for forthcoming engagements.
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. To read more on this please click here.