Friday 30 March 2012

UK: the future of narrative reporting - Government response published

The Department for Business, Innovation and Skills has published its response in respect of the recent consultation on the future of narrative reporting: see here (pdf). This notes that the Government is "minded" to develop proposals to change the structure of narrative reporting to permit companies to produce a high level Strategic Report and an annual Directors' Statement. Further work, in conjunction with the Financial Reporting Council, will now take place.

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