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Companies should provide more extensive disclosures during Covid-19, UK FRC says

( July 21, 2020, 08:36 GMT | Official Statement) -- MLex Summary: Companies should provide more extensive disclosures to enable users to understand the impact the Covid-19 pandemic has had on their performance, position and future prospects, the UK’s Financial Reporting Council said today. The information provided by companies is sufficient, the FRC said. But it reminded companies, following a thematic review of company reporting since Covid-19, that they should explain the significant judgments and estimates made in preparing their accounts.The statement follows. The thematic review is attached....

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