BY PAUL QUIGLEY
After nearly two years since former Chancellor Gordon Brown killed off the Operational Financial Review as just more gold-plating of European accounting directives, what future is there for the Business Review and narrative reporting?
When the erstwhile Chancellor of the Exchequer announced in late 2005 that the Operational Financial Review, OFR, was to be scrapped, you could be forgiven for thinking that a large, collective sigh of relief would have been felt along the corridors of corporations and financial advisers. But there was no such phlegmatic response. Indeed, many in the industry heard shouts going up of wasted time, effort and resources, barracking the Chancellor’s proclamation as a U-turn on a useful new tool. Continue reading