This course offers a detailed exploration of best practices for sector-specific reporting through the use of Statements of Recommended Practice (SORPs). It covers essential criteria and regulations set by the Financial Reporting Council (FRC), guiding students from becoming recognized SORP-making bodies to developing and updating SORPs effectively. By the end of the course, students will have gained the knowledge to enhance financial reporting within specific industries and maintain public trust through transparency and accountability.

Key Topics:

• Recognition and Criteria for SORP-Making Bodies 
• Step-by-Step Application and Approval Process
• Responsibilities and Accountability Standards
• Development and Review Processes for SORPs
• Governance and Stakeholder Engagement
• Annual Review and Updating Procedures

This course is designed for financial professionals and industry bodies looking to adopt or improve sector-specific reporting practices. A fundamental understanding of financial reporting and industry regulations is recommended.