Modernising Corporate Reporting

The Department for Business, Innovation, Science and Trade (BIST) has published the government’s long-promised consultation on Modernising Corporate Reporting to support long-term economic growth.

This “once-in-a-generation review” aims to produce a more coherent, proportionate and future-fit set of rules.

The new regime would be principles-based with a focus on providing information that is financially material and decision-useful for investors and creditors.