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Strategic reports

All UK-incorporated companies are required to prepare a strategic report as part of their annual report unless they have an exemption. Discover the latest developments and guidance with our selection of links, articles and guides.

What's on this page?

  • Guidance and support from ICAEW
  • Guides
  • Online articles
  • Articles and books from the Library

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Useful links


Narrative reporting
News and commentary from ICAEW.


The Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013
Full text of the Act with explanatory memoranda and other related documents.


Guidance on the Strategic Report
Guidance from the Financial Reporting Council which is aimed at directors and provides best practice for all entities preparing strategic reports. Appendices include the Companies Act 2006 strategic report disclosure requirements and directors' report disclosure requirements. The revised guidance was issued in July 2018. Original guidance issued in June 2014 is also available.

Frequently Asked Questions on Non-Financial Reporting
FAQs published by the FRC in December 2017 intended as an interim guide while it finalises updates to the Guidance on the Strategic Report.

Guidance on the Going Concern Basis of Accounting and Reporting on Solvency and Liquidity Risks: Guidance for directors of companies that do not apply The UK Corporate Governance Code
Practical guide published by the FRC in April 2016 aimed at helping company directors assess the going concern basis of accounting, material uncertainties, solvency and liquidity risk, the periods of assessment; and the relevant disclosure requirements.

Bulletin 4: Recent developments in Company Law, the Listing Rules and auditing standards that affect United Kingdom auditor's reports
Audit and Assurance Bulletin published by the FRC in April 2014 highlighting changes to auditors' responsibilities. The press notice FRC's Audit and Assurance Bulletin highlights the auditor's responsibilities with respect to the Strategic Report and the Directors' Remuneration Report, issued on 10 April 2014, gives a summary.

The strategic report: Frequently asked questions
Guide from BDO, published in June 2014. The guide offers answers to common questions covering who should produce strategic reports, the structure of annual reports and strategic reports, the content of reports and other issues. 

The strategic report and company charities
Information sheet published by the Charity Commission and the Office of the Scottish Charity Regulator in January 2014. The short guide clarifies which types of charitable companies are affected by the regulations, the information required and the structure of the Trustees Annual Report.

The strategic report: A practical guide to the new regulations
Guide produced by Deloitte in October 2013 giving an overview of the structure and components of a strategic report. A checklist of the new statutory requirements is also included.

The strategic report: Guidance for unquoted companies
Short guide published by Deloitte in September 2013 with a summary of legal requirements and compliance issues.

Staff Guidance Note: The Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 – Key facts
Guidance note produced by the FRC in August 2013 outlining the legal requirements of the new regulations.

Exposure draft: Guidance on the strategic report
Exposure draft published by the FRC in August 2013. The consultation period closed in November 2013.

Narrative reporting
Project updates with links to relevant documents and guidance from the FRC.

Online articles

The Library provides access to leading business, finance and management journals. These journals are available to logged-in ICAEW members, ACA students and other entitled users subject to suppliers' terms of use.

Articles and books in the Library collection

Selected books

Selected books contain specific chapters or sections on the strategic report – click on the links for more details. Alternatively, contact us if you have a particular enquiry or need further help consulting these titles.

Form and content of financial statements (2nd ed.)
Neville Russell
This regularly updated Tolley's reference provides specimen financial statements including examples of strategic reports for public and quoted companies and groups and strategic reports for large and medium-sized unquoted groups and companies.

Find more resources

To find out how you can borrow books from the Library please see our guide to book loans.

You can obtain copies of articles or extracts of books and reports by post, fax or email through our document supply service.

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