Annual report of nobleman in audibly wise setting (6)
I believe the answer is:
yearly
'annual' is the definition.
(I know that annual can be written as yearly)
'nobleman in audibly wise setting' is the wordplay.
'nobleman' becomes 'earl' (member of the nobility).
'in' means one lot of letters goes inside another.
'audibly wise setting' becomes 'yy' (I can't justify this - if you can you should believe this answer much more).
'earl' inserted into 'yy' is 'YEARLY'.
'report of' is the link.
I am not very happy about this link. Some or all of it may belong to another bit of the clue.
Can you help me to learn more?
(Other definitions for yearly that I've seen before include "Every 365 or 366 days" , "Every 12 months" , "Annually" , "like circulation of the Sun?" , "Perennial" .)