Strategic Report: Difference between revisions
imported>Doug Williamson m (Minor clarifications in wording and specifying UK companies.) |
imported>Doug Williamson (Clarify that the external link is to the particular Regulations, not the entire Companies Act. Spacing.) |
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''Financial reporting.'' | ''Financial reporting.'' | ||
All UK companies, that are not small, are required to prepare a Strategic Report. This is a requirement of the UK Companies Act 2006 [http://www.legislation.gov.uk/ukdsi/2013/9780111540169/part/2]. | All UK companies, that are not small, are required to prepare a Strategic Report. | ||
This is a requirement of the UK Companies Act 2006 (Strategic Report and Directors' Report Regulations) [http://www.legislation.gov.uk/ukdsi/2013/9780111540169/part/2]. | |||
The Strategic Report must contain a fair and balanced analysis of: | The Strategic Report must contain a fair and balanced analysis of: | ||
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==See also== | ==See also== | ||
* [[Annual report]] | *[[Annual report]] | ||
*[[Directors report]] | *[[Directors report]] | ||
Revision as of 12:01, 4 April 2014
Financial reporting.
All UK companies, that are not small, are required to prepare a Strategic Report.
This is a requirement of the UK Companies Act 2006 (Strategic Report and Directors' Report Regulations) [1].
The Strategic Report must contain a fair and balanced analysis of:
a) the development and performance of the company’s business during the financial year;
b) the position of the company at the end of the year; and,
c) a description of the principal risks and uncertainties facing the company.
The purpose of the Strategic Report is to inform members of the company and help them assess how the directors have performed their duties.
The Strategic Report replaces the Operating and Financial Review/Business review section of the Annual Report. It is in addition to the Directors' report.
See also
Other links
- [2] FRC Staff Guidance Note: The Companies Act 2006 (Strategic Report and Directors’ Report) Regulations 2013 – Key Facts
