Surveying narrative reporting in annual reports in 2009
A telling performance
The publication follows on from “Write from the start”, the 2008 survey on narrative reporting. The survey analyses the narrative reporting of 130 listed companies, split into two categories, being investment trusts and other companies. It includes a review of:
- how compliance with the disclosure requirements of the Companies Act 2006, the Listing Rules, the Disclosure and Transparency Rules and the Combined Code varied;
- the extent to which companies have adopted the FRC's November 2008 guidance on going concern. In this respect its publication is timely as the FRC has published recently its revised guidance which will be effective for 31 December 2009 period ends; and
- the use of the ASB's Reporting Statement:Operating and Financial Review.