Growing clash between front-end spin and back-end data in annual reports, says FRRP
Thursday, August 26, 2010 | Posted by: Fiona Cullinan
Categories:
FRC,
Governance,
Risk
| Tags: governance,
risk,
FRC,
Simon Lowe,
financial reporting,
audit,
FRRP,
accounts,
internal,
external
Inconsistencies in annual reports between the corporate narrative and the external audit figures are becoming more of a focus for the Financial Reporting Review Panel (FRRP). The problem was highlighted in its annual report, out last week: of the 308 companies reviewed, 146 had been approached by the FRRP for further information or explanation.
