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Published on: 12/2/2009
Last Visited: 3/8/2010
Melanie Kerr, project director at the ASB, which sets UK reporting standards, said companies need to focus on what is material to the running of their business.
Speaking yesterday at a webinar run by the UK's IR Society (IR Soc), Kerr commented: 'I think the key here is materiality.
...
Kerr and her colleagues are currently assessing the feedback to a report on complexity in financial reporting released in July this year.
She said they have received 30 responses and 'the Financial Reporting Council is currently discussing the comment letters internally in order to plan what our course of action will be going forward.'