Bloomberg Tax
March 23, 2020, 7:34 AM

U.K. Audit Watchdog Asks Companies to Delay Non-Urgent Reports

Aoife White
Aoife White
Bloomberg News

The U.K. Financial Reporting Council said companies should consider delaying all non-essential corporate reports for the next two weeks, after the Financial Conduct Authority asked publicly-traded companies to delay reporting their results as the coronavirus pandemic freezes business activity.

The U.K. audit regulator said it supports the FCA’s request and also encourages listed companies and auditors “to consider carefully whether they should delay other corporate reports for the next two weeks, such as interim financial statements and final audited financial statements, except where necessary to meet a legal or regulatory requirement,” according to an emailed statement on Monday.

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