Stop burying us in swollen corporate reports, says audit watchdog boss

The boss of the audit watchdog has warned that the size of annual reports has swelled out of control, costing directors too much time. Richard Moriarty, chief executive of the Financial Reporting Council, said the costs and expectations surrounding annual reports have steadily ballooned as more companies devote pages t

The more boards are in a defensive posture box-ticking, the less they are thinking about innovation and growth, says Financial Reporting Council CEO Richard Moriarty.