FRC: ‘What makes a Good ARA’
The FRC has published its ‘What makes a Good Annual Report and Accounts’, setting out the attributes for a high-quality Annual Report and Accounts (ARA).
The ARA, as the cornerstone of corporate reporting, should provide investors and other stakeholders with clear and relevant information on the company’s performance and prospects to help them make informed investment decisions and to promote effective stewardship. The FRC uses a principles-based framework which identifies corporate reporting principles and effective communication characteristics.
‘What makes a Good ARA’ illustrates these, providing a range of good practice examples which have been identified by the FRC as part of their ongoing supervision work.
This is the latest in the FRC’s ‘What Makes a Good…’ series and "clearly sets out the FRC’s view of the characteristics associated with a high-quality ARA in a clear and accessible way, which we believe preparers, including audit committee chairs and company secretaries will find helpful in producing decision-useful reports and accounts for stakeholders.”
View the full report here
Published 13 December, 2022