What is the purpose of the annual report?
A clear explanation of the purpose of annual reports provides a firm basis for decisions about materiality, proportionality and disclosure requirements. An investor-focused purpose could offer clarity, but what about wider stakeholders? And does the size or type of organisation make a difference?
Does the UK have the right accounting framework?
The accounting standards that companies can apply is generally dictated by its size, nature and listing status. Here we discuss if the framework has become too fragmented and whether size is the right organising principle.
What information should different entities report?
Non-financial reporting requirements have been developed piecemeal and their interaction is adding to the complexity of the UK's corporate reporting framework. Here we discuss the duplication and overlap in current requirements and the opportunities available to streamline narrative reporting.
These questions are closely connected. A clearer articulation of the purpose of the annual report should provide the starting point for decisions about how reporting requirements are structured, which entities they apply to and what information belongs in the annual report.
Resources
Resources
Non-financial reporting
Find a range of resources on non-financial reporting matters including the strategic report, energy and carbon reporting, and TCFD disclosures.
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