Technology - Scrapping of OFR could lead to IT budget cut.

Publication: Accountancy Age

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COPYRIGHT 2005 Incisive Media, published with the permission of Incisive Media

The government's decision to scrap new corporate reporting requirements may encourage companies to slash IT budgets for compliance, experts have suggested, writes James Murray.

Operating and Financial Review (OFR) rules would have required quoted companies to offer greater detail about their business performance in areas such as corporate governance...

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