Companies are struggling to provide stakeholders with enough detail about how disruption caused by COVID-19 might have impacted the business, according to the U.K.’s corporate governance regulator.

In its annual review of corporate reporting, the Financial Reporting Council (FRC) found it was not always clear whether companies’ judgments and estimates factored in any future uncertainty about how assets and liabilities could be affected by ongoing issues such as the pandemic and Brexit.

Neil Hodge is a freelance business journalist and photographer based in Nottingham, United Kingdom. He writes on insurance and risk management, corporate governance, internal audit, compliance, and legal...