Companies preparing their first Operating and Financial Review need to adopt "joined up thinking" to ensure the work tallies with other aspects of corporate reporting, an adviser said.
Will Rainey, head of the financial reporting advisory group at Ernst & Young, the accountancy, said: "The crucial point about the OFR is that it can't be done in isolation â it needs to be joined up with other aspects of reporting. The more we've looked at the OFR, the more we see there are practical implementations that companies are going to have to wrestle with."
