The regulations concerning preliminary profit announcements are contained in the Listing Rules of the Stock Exchange. The disclosure provisions are modest and there is no requirement for the document to be audited. There have been criticisms concerning the ambiguity of the auditors’...

The interim report was introduced by the Stock Exchange in 1964 and, despite its importance, remains lightly regulated. Despite the lack of regulatory pressures there have been significant changes in practice and one has been the appearance of the auditors’ review report. Compares various...