A new guide to help smaller listed and AIM quoted companies improve their financial reporting has been published by the FRC and ICAEW. The guide addresses issues about the quality of financial reporting in this sector, and provides practical tips and questions for audit committees to consider.
‘Smaller Listed and AIM Quoted Companies – A Practical Guide for Audit Committees on Improving Financial Reporting’ offers practical, cost-effective suggestions on how smaller quoted companies can improve the quality of their financial reporting and suggested questions for audit committees to ask themselves and those associated with the financial reporting process, including the Board, Chief Financial Officer, finance team and external auditors. These questions are designed to encourage the smaller quoted companies to reflect on current practices and consider areas for improvement.
High quality financial reporting can contribute to a strong and efficient economy by improving transparency and giving investors the ability to assess the financial integrity of a company and hold management to account. However, for many smaller listed and AIM quoted companies, financial reporting is not always seen as a top tier issue.
Full press release
Full practical guide
© FRC
Key
Hover over the blue highlighted
text to view the acronym meaning
Hover
over these icons for more information
Comments:
No Comments for this Article