CapitalQuarter: Spring 2024

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Welcome to our Spring 2024 edition of Capital Quarter – the newsletter for listed businesses and their advisors.

In this edition:

The Financial Reporting Council (FRC) has recently published its Annual Review of Corporate Reporting 2022/23. The review sets out the top 10 issues on which the FRC has raised questions, as well as its findings from thematic and other specific reviews, and future expectations which are likely to present reporting challenges for companies. Wendy Liang, Audit Director, breaks down the report and provides guidance for your 2023/24 reporting season.

The Quoted Companies Alliance (QCA) has published a revised UK Corporate Governance Code, following its first review for five years. This 2023 version of the code will apply for financial years beginning on or after 1 April 2024. The updated code places emphasis on emerging areas of investor interest, such as ESG-related disclosures, and wider stakeholder considerations. Calum McChrystal highlights the key changes and implementation deadlines.

The effects of climate change are increasingly visible and have the potential to impact entities of every shape and size. As such, the requirements surrounding climate-related disclosures are ever evolving. To explain the latest requirements Audit Director, Ryan Davies examines the latest regulations and their complexities – including the Climate-Related Financial Disclosure Regulations 2022.

We hope you find this edition useful, and we are always keen to hear your comments and suggestions for future articles.