Key features
· FRC review of the accounts of smaller listed companies
o KEY OBSERVATIONS
o REVENUE RECOGNITION ISSUES
o CASH FLOW STATEMENTS
o IMPAIRMENT OF NON-FINANCIAL ASSETS
o FINANCIAL INSTRUMENTS
o CLEAR AND CONCISE REPORTING
o PRACTICAL EXAMPLES
· The FRC annual review and thematic reviews on supplier financing arrangements and pension scheme surpluses
o THE RELEVANT REPORTING REQUIREMENTS – HOW MUCH IS ENOUGH?
o A PROPORTIONATE APPROACH TO CORPORATE REPORTING REVIEW
o FRC FINDINGS IN DEPTH – THE TOP TEN ISSUES
· The FRC thematic reviews on supplier financing arrangements and pension scheme surpluses
