Corporate reporting
It can include financial statements, management commentary, governance information and sustainability-related disclosures under applicable legal and reporting frameworks. Different reports have different purposes, intended users and assurance requirements. Evaluate the applicable requirements and consistency between documents rather than treating every narrative statement as part of audited financial statements.
Worked example
A company publishes annual financial statements, management commentary and sustainability disclosures. Each component has a role in explaining its results and risks, subject to its own requirements.
Common mistake
Assuming all corporate reporting is confined to the primary financial statements or that every voluntary narrative claim has been audited.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | FR | Supporting | September 2026–June 2027 |
| ACCA | SBR | Supporting | September 2026–June 2027 |