Rising to the Challenge - narrative reporting in the UK

The UK Accounting Standards Board (ASB) has issued Rising to the Challenge, the report of its review of the narrative reporting of 50 UK listed companies in 2008 and 2009. The review focused on:

• how companies are complying with the enhanced business review content requirements from the Companies Act 2006;
• effective communication and presentation of the required content; and
• areas that are leading to clutter in narrative reporting.