Update for Directors of Listed Companies

The FRC has published an update for directors of listed companies in the UK to assist them in responding to increased country and currency risk in their annual and half-yearly financial reports. The update was prompted by the current economic uncertainties facing a number of countries around the world. 

Published: 17 January 2012

• Update for Directors of Listed Companies: responding to increased country and currency risk in financial reports (PDF 275KB/42 pages)

Summary of the update

This update was published in the light of on-going unrest in the Middle East and recent events in the Eurozone. It is designed to be relevant to annual and half-yearly financial reports issued by companies in the UK listed on a regulated market in the coming months and aims to draw together a number of the more significant issues for directors to consider, including the impact of events on impairment testing, going concern assessments and the appropriate disclosure.

Find out more

• FRC press release