Annual reporting documents in two countries Essay

Annual embraceing documents in two countries - Essay ExampleBoth companies are in the same industry called Super-market distribution. The companies are near of same size but represent contrasting regulatory and cultural conditions.Categories of subject fielding and providing information in the annual reports of companies in each of the countries are some(prenominal) conventional as well 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, hide of the directors that contains business review, general information, and report on corporate governance, Directors Remuneration Report, and Financial Statements that include a statement of directors responsibility, independent auditors report, group fiscal statements including notes thereto, parent companys financial statements and independent auditors report on that.Annual Report is required to be filed along with a ccounts with recording equipment of companies, and also published, circulated, and made available on websites of the company in accordance with the provisions 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, solicitude discussion and analysis (MDA) of financial conditions and results of operations, Consolidated Financial Statements and notes thereto that include report of independent registered public method of accounting firm, report of independent registered public accounting firm on Internal 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.