Financial Reporting Review Panel Publishes Report on Interim Reports of UK Listed Companies

FRRP PN 91

The Financial Reporting Review Panel today published a report on the results of its first review of interim accounts of UK listed companies, based on a selection of interim reports issued in 2005.

The Panel reviewed 70 interim reports

35 of these related to FTSE 350 companies

The Panel found the level of disclosure and compliance in the first reports prepared under IFRS to be good. Issues arose on matters of presentation and narrative descriptions of accounting policies. The report provides details on areas where the Panel found evidence of non-compliance.

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