New reporting requirements for 2019
Sarah Dunn, Financial Reporting Faculty, highlights the key points of new reporting requirements that come into effect in 2019.
Next year, two different sets of reporting requirements will come into effect for various types of entity – including, in some cases, private companies that are over the relevant thresholds. The new requirements are summarised below.
In July 2018 The Companies (Miscellaneous Reporting) Regulations 2018 (the reporting regulations) introduced several new requirements that each address aspects of the ongoing corporate governance reform debate, aiming to improve the transparency and reporting of corporate governance arrangements within companies. These new requirements come into effect for financial periods beginning on or after 1 January 2019 and include: