Financial Reporting Council: Risk and viability reporting
Investors want a better understanding of how boards identify and manage risk to protect the sustainability of companies, according to a report from the Financial Reporting Council’s (FRC) Financial Reporting Lab (the Lab). This report sought to understand how companies can better inform investors on the risks they face and their viability.
The Financial Reporting Lab was set up by the Financial Reporting Council (“FRC”) to improve the effectiveness of corporate reporting in the UK. The Lab provides a safe environment for listed companies and investors to explore innovative reporting solutions that better meet their needs.