There have been changes to the UK's corporate reporting regime which affect a small number of companies. Watch this video to find out more about changes to accounting and auditing.
External resources on Brexit and financial reporting
Externally-produced resources providing practical information on how the UK's exit from the EU affects financial and corporate reporting.
Looking for the ICAEW view on Brexit? Find the latest updates and expert analysis on financial reporting at the ICAEW Brexit hub.
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 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.
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.
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.
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.
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.
ICAEW's Brexit hub
Find more guidance and material on how to prepare for the end of the transition period.
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