FRC areas of focus for corporate reporting 2024/25

The FRC has announced its areas of supervisory focus for 2024/25.

The FRC’s programme of corporate reporting reviews will pay particular attention to the following areas:

  • Risks related to the current economic environment (for example: going concern, impairment, recoverability and recognition of tax assets/liabilities)
  • Climate related risks, including TCFD disclosures
  • Implementation of IFRS 17 – Insurance Contracts
  • Cash flow statements

More information, including priority sectors for selection of company accounts and audits can be found here.

Published 6 December, 2023

Sponsor message