Financial Reporting Lab project on reporting risks, uncertainties and scenarios

Of interest to all involved in reporting

The Financial Reporting Lab has published an invitation for investors and companies to participate in a new project on corporate disclosures on risks, uncertainties and scenarios. According to the press release, ‘The scope of the project will develop, considering the contribution from those that participate. However, it is likely to:

  • explore whether and how companies’ risk identification, risk management and scenario planning processes are evolving and how this is impacting reporting and disclosure
  • determine whether the time horizons utilised in scenario planning have changed
  • consider how companies communicate uncertainty in their disclosures
  • discuss which areas of reporting are most challenging for companies
  • explore examples of risks and related disclosures where investor focus has been heightened by the current pandemic (for example, supply chain risk, existential risk/viability of business model)
  • analyse how investors use this information in their decision-making process and identify whether reporting meets investor needs
  • discuss what types of disclosures would be most useful in interim reports; and highlight best practice in current company reporting

More details are available at:

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