The accounting treatment for rent concessions granted directly as a result of COVID-19 now applies to reductions in lease payments originally due on or before 30 June 2022

ISA (UK) 701 introduces changes to key audit matter disclosures in the auditor’s report relating to materiality. Louise Sharp, Manager in ICAEW’s Audit and Assurance Faculty, provides a reminder of the new requirements.

Better explanation of balance sheet movements and alternative performance measures are among the recommendations flagged up by a review of quoted companies’ interim reporting by the Financial Reporting Council.

The European umbrella body has stressed the need for a more holistic approach to tackling fraud, following concerns that a disproportionate focus on auditors will do little to reduce the ever-growing risks.

Factors for preparers of micro-entity accounts to consider when doing a going concern assessment and the practical implications for financial reporting.

A guide to the accounting implications of changes to contracts with customers as a result of the pandemic.

This hour long webinar looks at the accounting and financial reporting considerations for financial services firms under IFRS9 as a result of COVID-19.

Stress testing is an important tool that is used by regulators for an increasingly wider set of firms. This webinar will help you understand the latest rules and how they work with the latest accounting standard, IFRS 9.

The subjective nature of IFRS 9 Financial Instruments means banks are facing difficult decisions when it comes to applying the standard in a world grappling with the health and economic impacts of coronavirus.

Aimed at both UK GAAP and IFRS reporters, a short webcast on the factors to consider when determining whether COVID-19 is an adjusting or non-adjusting event.

18 June 2020: Amendments to IFRS 16 Leases to help lessees account for rent concessions as a result of the Coronavirus pandemic.

21 April 2020: the International Accounting Standards Board has issued guidance on the application of IFRS 16 Leases for COVID-19-related rent concessions.

This factsheet provides a summary of the basic principles of accounting for impairments and practical tips on application.

What should charities be considering when they prepare their annual accounts?

The COVID-19 pandemic may place subsidiaries in financial difficulty, leading to a greater need for letters of support.

Valuable insights for those working in and with small and medium-sized and other non-public interest entities to help navigate a route to a resilient future.

Factors for preparers of micro-entity accounts to consider when doing a going concern assessment and the practical implications for financial reporting.

Factors to consider when doing a going concern assessment and the practical implications for financial reporting.

How reverse stress testing can help entities enhance their going concern assessments and identify gaps in their risk assessment.

Why going concern is important for the accounts and how to make the assessment.

The Audit and Assurance Faculty have produced this two part guide for auditors, covering COVID-19 considerations for auditing going concern, and how to report when a material uncertainty relating to going concern exists.

The pandemic has exacerbated gender inequality, but data is one tool that can help organisations chart a course to improvement.

1 February 2021: The Financial Reporting Council and the Financial Conduct Authority have published updated guidance for companies and auditors to ensure high-quality financial information continues to flow to users to support decision-making.

10 December 2020: In a reporting season like no other, ICAEW’s Financial Reporting Faculty has published guidance on areas where preparers should pay particular attention.

3 December 2020: Annual reports provide an opportunity for companies to communicate how they have adapted to face the challenges of COVID.

This guide summarises the temporary measures introduced relating to filing requirements at Companies House to support companies during the COVID-19 pandemic.

29 June 2020: The National Audit Office (NAO) has issued guidance to help audit and risk committee members examine the impact of the COVID-19 outbreak on government organisations.

16 April 2020: The International Public Sector Accounting Standards Board (IPSASB) has issued a Q&A publication

14 April 2020: companies considering whether to pay a dividend during these turbulent times should take a range of factors into account, cautions ICAEW’s Head of Business Law Charles Worth.

An accessible introduction to the accounting rules relevant to tax computations in the UK.

A chapter focusing on Covid-19-specific issues in relation to financial statements under new UK GAAP, to help readers understand what reporting entities may need to deal with when preparing their annual reports.