PARLIAMENTARY WRITTEN QUESTION
(20 February 2026)

The government has previously announced its plans to modernise and simplify the corporate reporting framework and expects to publish a consultation on the Modernising Corporate Reporting shortly. The consultation will consider financial, non-financial, remuneration and corporate governance reporting, as well as proposals to reduce burdens on business and to simplify the preparation and audit of accounts and reports, including for quoted companies. The consultation will also consider the appropriateness of the UK’s framework for reporting and auditing by small and medium-sized companies.