The UK Financial Reporting Council (FRC) has published a review of 2024/25 corporate reporting.
It highlighted that the quality of reporting across FTSE 250 companies “has been maintained”. Less reviews resulted in substantive queries compared to previous years, and the number of restatements prompted by reviews has fallen compared with the last three years,
The FRC also noted that “there remains a quality gap between companies in the FTSE 350 and other companies”, with most restatements arising from smaller listed companies. The regulator is undertaking a thematic review into reporting by UK-listed companies outside of the FTSE 250.
Companies:UK FRC
