On 15 December 2017, the FRC published a bulletin entitled "The Auditor's Association with Preliminary Announcements made in accordance with U.K. Listing Rules." This contains revised guidance for auditors when agreeing to the publication of preliminary announcements.
The purpose of the new report is to provide investors with greater transparency about the status of the information included within the preliminary announcements. Whereas most premium listed companies in the United Kingdom base their preliminary announcements on audited information, the guidance also deals with situations where the auditor is asked to agree on the publication of an "unaudited" preliminary announcement.
The guidance can be accessed here:
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
