Audit narrative

They perhaps highlight the current oddity in corporate reporting that the financial statements are audited but that the narrative reports are typically subject to little or no external assurance requirements

This survey’s results suggest this area should be considered further

The report must give a fair review of the company’s financial and operational results and conditions8

Given the global nature of modern business, it is essential that the debate around the future shape of narrative reporting considers the perspectives of preparers across multiple jurisdictions