The latest Financial Reporting Council (FRC) Annual Review of Corporate Reporting has stressed the importance of high quality disclosures and reporting from companies during periods of economic uncertainty.

The FRC has warned that companies need to ensure that investors and other stakeholders receive reliable information on their financial performance and prospects.

The report reviewed the accounts of 252 companies and, while the overall quality of corporate reporting had been maintained, 27 companies had to restate aspects of their accounts.