Need to know
Brexit: Implications of changes to company law on corporate reporting
- Helpsheets and support
- 14 Jun 2021
The end of the transition period brought into effect changes in company law that have an impact on the preparation of the annual report and accounts. This guide outlines some of the practical implications.
Endorsement Board and other Brexit implications for financial reporting
- Webinar
- 29 Apr 2021
Hear about the role of the UK Endorsement Board and other financial reporting implications of Brexit.
UK endorsement of IFRS
- Helpsheets and support
- 22 Jan 2021
UK preparers can only apply new and amended IFRSs once they have been UK-endorsed.
UK Endorsement Board
- Article
- 15 Feb 2021
A short introduction to UKEB and its role in the endorsement and development of IFRS.
More guides and FAQs
External resources
Guidance for companies preparing IAS accounts for accounting periods straddling IP completion day
- Website
- 23 Dec 2020
Transitional provision guidance issued by the FRC for preparers using IFRS. It includes proposed wording to explain the basis of accounts preparation, where an entity has a financial period which straddles the end of the transition period following the UK's exit from the EU.
Amendments to UK and Republic of Ireland accounting standards – UK exit from the European Union
- Website
- 21 Dec 2020
Amendments to FRS 100, 101, 102, 103, 104 and 105 issued by the FRC to ensure consistency with UK company law and to update legal references and terminology used in the standards, reflecting changes in legislation as the EU exit transition period ends.
UK accounting and audit framework from 1 January 2021
- Website
- 23 Nov 2020
Letters issued by BEIS and the FRC in November 2020 to the accounting and audit sectors setting out changes to the UK's corporate reporting framework at the end of the transition period.
Endorsement of International Accounting Standards
- Website
- 09 Oct 2020
Information from the FRC about the status of existing EU-adopted IFRSs, establishing a UK endorsement body, and the FRC's influencing and endorsement activities.
The Impact of EU Exit
- Website
- 09 Oct 2020
Documents from the FRC and government on auditing and accounting during and after the transition period. It includes links to legislation and information for EEA based organisations transferring personal data to the FRC.
BEIS/FRC Letter on on accounting and corporate reporting during the transition period
- Website
- 13 Feb 2020
Letter issued by the Department for Business, Energy and Industrial Strategy (BEIS) and the Financial Reporting Council (FRC) to the accountancy sector on accounting and corporate reporting standards during the transition period.