Lift financial reporting standards, AIM companies told

Posted by admin in Risk & Regs, Management & Execution on Wed, 25/08/2010 - 09:22
  • FRRP says room for improvement in the general quality of reporting by some AIM-quoted companies
  • Inconsistencies between narrative information and the audited accounts in the back end of annual reports rife
  • Calls for reports and accounts to tell a coherent story, with an eye to the future as well as the past

AIM-listed businesses still have some way to go before they catch up with their established FTSE-listed counterparts when it comes to the quality of their financial reporting, a study of company accounts by the financial regulator has found.

In its annual review of company accounts the Financial Reporting Review Panel (FRRP), part of the Financial Reporting Council (FRC), said there was room for improvement in the general quality of reporting by some smaller listed and AIM-quoted companies.

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What are your top business challenges today?

2009-08-12 14:53 - 7871 reads
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