Highlights of the latest guidance published by the Corporate Reporting Faculty as well as news and insights on current developments in financial reporting.
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This guide helps non-insurers determine whether, and to what extent, they may be affected by the standard.
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This guide sets out the areas of reporting that may require more attention than in previous years. It also considers the impact of an uncertain economic environment on the accounts.
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As inflation increases after a sustained period of low inflation, companies are now having to consider the impact high inflation has on their financial reporting and related uncertainties.
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Factors to consider when doing a going concern assessment and the practical implications for financial reporting.
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Factors for preparers of micro-entity accounts to consider when doing a going concern assessment and the practical implications for financial reporting.
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This guide summarises management’s responsibilities for assessing going concern and the associated practical implications for financial reporting under IFRS.
The regulator’s latest thematic review identifies common challenges in the reporting of discount rates based on analysis of annual reports.
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Summarising the requirements of FRS 102 for basic and other financial instruments, this factsheet includes practical tips and illustrative examples.
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This updated factsheet outlines the hedge accounting requirements of IFRS 9 Financial Instruments, comparing them with those of IAS 39. It also contains practical tips to help with implementation.
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This updated factsheet outlines the key requirements of IFRS 9 Financial Instruments, including classification and measurement, and impairment of financial assets. It’s focus is on the non-financial sector.
The International Public Sector Accounting Standards Board (IPSASB) held their first meeting of the year in New York with a number of interesting projects to report back on, including sustainability reporting and presentation of financial statements.
Expert body’s final batch of advice provides companies in every sector with insights on how to attract investment to support their journey to net zero.
The IASB’s latest IFRS Accounting Standard, IFRS 18 Presentation and Disclosure in Financial Statements, focuses on new requirements for the statement of profit or loss.
Bringing accountants into materiality testing early on is vital not just for better reporting, but more effective ESG strategies, consultancy says.
The first face-to-face meeting of the Strategic Finance Network Group tackled the fascinating subject of ‘Influencing Upwards’ at an event hosted by ICAEW at Chartered Accountants Hall.
While there still may be much to learn, accountants have the best foundational skills to be able to take on ESG and non-financial reporting work.
The FRC has issued its latest amendments to UK GAAP, introducing a five-step model for revenue recognition and on-balance sheet recognition for most leases by lessees to FRS 102.
International Accounting Standards Board issues exposure draft setting out proposals for improved acquisitions reporting, in response to concerns from stakeholders.
The US Securities and Exchange Commission has clarified its climate-related disclosures rules after a lengthy deliberation period.
The monetary thresholds that determine company size are being raised by 50% as part of a drive to cut complexity and burden from legislative reporting requirements.
Karthik Thilak, Group Head of Financial Accounting and Reporting at one of the world’s biggest insurers, explains its approach to sustainability reporting, which puts accountants at the heart of the process.
Businesses are seeking the aid of artificial intelligence to drive efficiencies in their ESG reporting work – but users should be aware of some crucial caveats.
As well as measures to tackle economic crime, the new Economic Crime and Corporate Transparency Act aims to improve information held on the UK companies register.
New requirements will create a divergence from the current requirements of IFRS Accounting Standards and UK GAAP.
As stakeholder demands for organisations to report on Scope 3 information ramp up, reporting challenges include the potential for significant error, ICAEW warns.
Several general elections across the globe have great implications for the profession in 2024. But those are not the only changes that will affect accountants.
Amid growing demand for sustainability data from companies of all sizes, small and medium firms are hitting cost and complexity barriers, new research finds.
Accounting for Sustainability says directors are still in the early stages of having the right information, capabilities and tools to ensure sustainability targets become action.
Cornerstone package of sustainability reporting standards holds off an 11th-hour parliamentary challenge to pass through its final scrutiny period and take legal effect.
National standard setters flag connectivity with accounting standards, the ISSB’s strategic roadmap and implementation priority as areas in particular need of attention.
Latest draft guidance covering revenue from grants and donations, grant expenses, inventories and foreign currency translation hopes to engender greater trust in the sector globally.
The Transition Plan Taskforce (TPT) has released its best practice Disclosure Framework for climate transition plans.
Proposed adjustments to category criteria in line with recent surge of inflation would help the EU towards goal of reducing corporate reporting obligations by 25%.
Ecologi’s technology solution plugs into accounting software to give companies a carbon footprint baseline from which to base an emissions reduction strategy, but measurement is only part of the challenge.
Amendments to FRS 102 and other FRSs have been pushed back a year. The standard-setter says it will seek further simplifications to ensure proportionality for micro-entities.
In its response to the government’s call for evidence on non-financial reporting, ICAEW has outlined how it would like the UK government to develop and improve its reporting framework.
The UN Sustainable Development Goals were created in 2015 as global targets for social, environmental and economic improvements to aim for by 2030. Halfway to that date, what progress have we made?
As the Economic Crime and Transparency Bill enters the final stages in the parliamentary process, ICAEW Insights recaps how the flagship legislation to tackle money laundering and reform Companies House will impact accountants and businesses.
In its response to the ISSB’s call for opinions on its agenda priorities, ICAEW stresses the importance of prioritising the implementation of IFRS S1 and S2.
As more organisations undertake sustainability reporting, they are looking to finance teams for support. ICAEW membership provides access to a range of resources to help you get to grips with the essentials.
Analysis by the IFRS Foundation shows consistency between IFRS S2 Climate-related Disclosures and four core recommendations and 11 recommended disclosures published by the TCFD.
Draft LLPs Statement of Recommended Practice follows stakeholder feedback from the 2021 consultation, guidance in a number of areas affecting the financial statements of LLPs.
The International Auditing and Assurance Standards Board (IAASB) is calling on anyone involved with preparing, using and regulating sustainability reports to feedback on its proposed International Standard on Sustainability Assurance – ISSA 5000.
The EU Commission has formally adopted new standards for sustainability reporting which are set to come into effect for large, listed companies from 2024.
Former CAA chief Richard Moriarty will be taking the helm at the FRC and leading its transformation into the new Audit, Reporting and Governance Authority.
IASB review seeks stakeholders’ views on whether revenue recognition standard is working as it should – with costs and benefits of implementation a central concern.
Long-awaited audit and corporate governance proposals are put forward by government, but missing elements of the reform jigsaw – including ARGA establishment and PIE definition – still needed, ICAEW warns.
Corporate reporting has taken a major step forward today as the International Sustainability Standards Board (ISSB) published two IFRS Sustainability Disclosure Standards which aim to boost transparency in ESG information published by companies.
As activity around non-financial reporting rules increases, candidates are sought for the role of Chair of the advisory committee, as well as members.
As we reach consensus around sustainability reporting standards, impact investors have done a great deal to define what good data looks like.