3rd December 2004 - Trucost Briefing - OFR Update: Sensible compromise or climb-down?

On Thursday 25th November 2004 the DTI published the final Operating and Financial Review (OFR) regulation to a mixed reception. This Trucost Briefing analyses what this means for companies, investors and auditors.

Briefing highlights:

• OFR implementation delayed to 1st April 2005
• Legal requirement reduced to be in line with current financial reporting requirements
• Reduced role for auditors, potentially reducing costs
• The Financial Reporting Review Panel administrative enforcement role will begin one year after the Regulations come into effect

For more information contact:
Richard Mattison
T: +44 207 321 3833.
info@trucost.com

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