ComputerWorld UK reported that the UK’s Financial Reporting Council (FRC) has called for companies to publish searchable, online-only versions of their annual reports.
This is part of the accounting watchdog’s recommendations for companies to improve accessibility to annual reports for investors. It presented its proposals in its ‘Effective Company Stewardship: Enhancing Corporate Reporting and Audit’ report.
The FRC believes that the annual report and accounts to be posted on a company’s website, rather than produced in print,” it said in its proposals.