The Financial Reporting Council’s (FRC) project to review the complexity and relevance of current company reporting requirements is very timely. Over the past ten years, a raft of additional reporting burdens has been placed on businesses, and many of the existing requirements have also changed in that period.
For management accountants at all levels – but particularly for those holding the highest offices in business – these changes have created some stern challenges. Reconciling the information used to monitor, run and evaluate a business by its own management with the data required for published financial reports is harder than it has ever been. Read this report to find out more.