Annual reporting documents in two countries Essay

annual coverage documents in two countries - Essay ExampleBoth companies are in the same pains called Super-market distribution. The companies are almost of same size but represent contrasting regulatory and cultural conditions.Categories of keying and providing information in the annual reports of companies in each of the countries are both conventional as comfortably those making compliances of legal and regulatory requirements. Annual report of Tesco plc, a UK company, provides information under the categories of Chief executives Statement, Report of the directors that contains business review, general information, and report on corporate governance, Directors Remuneration Report, and Financial Statements that acknowledge a statement of directors responsibility, independent auditors report, group financial statements including notes thereto, parent companys financial statements and independent auditors report on that.Annual Report is required to be filed along with accounts with Registrar of companies, and also published, circulated, and made available on websites of the company in accordance with the nutrition of the Companies Act, 2006.On the other hand the information in the annual report of Wal- Mart Stores Inc., a US company, is provided under the categories of Statement of Chief Executive or President of the company, Report of Chairman of board of directors that includes financial review and summary, management discussion and analysis (MDA) of financial conditions and results of operations, Consolidated Financial Statements and notes thereto that include report of independent registered public accounting firm, report of independent registered public accounting firm on intrinsic Control over financial reporting, and Management Report to shareholders. As the name implies a companys annual report summarizes activities during the past year. While certain information is required by the U.S.