Hot Topic publication: Key Highlights Checklist from the FRC’s Annual Review of Corporate Reporting 2020/21

This publication looks at the top ten areas of improvement highlighted by the Financial Reporting Council (FRC) in its Annual Review of Corporate Reporting for 2020/21, setting out a checklist of what companies should be providing, and avoiding, in their forthcoming annual reports.

The top ten topic areas are:

  1. Judgements and estimates
  2. Revenue
  3. Statement of cash flows
  4. Impairment of assets
  5. Alternative Performance Measures (APMs)
  6. Financial instruments
  7. Strategic report and the Companies Act
  8. Provisions and contingencies
  9. Leases
  10. Income taxes

Please use this link to view the Hot Topic publication:

https://blogs.mazars.com/mindthegaap/files/2021/11/Hot-Topic_FRC-Annual-Review-Key-Highlights-2020_21.pdf