New structure for narrative reporting in the UK

BIS published the draft regulations for the strategic report and the directors report on 18 October 2012. These modify the current regulations relating to annual report and accounts, replacing the Business Review by a Strategic Report and apply to all but small companies. It is important to point out the safe harbour provisions for the Business Review will be replicated for the Strategic Report.

Once placed on the statute book, these regulations will take effect for company reporting periods ending after 1st October 2013 ... READ MORE

Released by ICSA - Governance & Compliance - 26 October 2012