Our Financial Reporting and Corporate Governance Expert Groups contributed to our response to the FRC on Improving the Quality of Reporting by Smaller Listed and Aim Quoted Companies – Discussion paper on the FRC’s findings and proposals.
We supported the FRC’s initiative to conduct this study to enable understanding of the reporting challenges faced by small and mid-sized quoted companies and explore ways in which to help these companies.
We noted that this report is an important and timely intervention to raise awareness of the challenges faced by small and mid-size quoted companies and encourage collaboration through a coherent and comprehensive response by the parties involved. We generally considered that the actions proposed are a proportionate and adequate response to the issues identified.
We welcomed the opportunity to continue to engage with the FRC in addressing the identified challenges and implementing some of the proposals made.