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Impact of coronavirus on the regulation of company accounts
ICAEW insights, technical guidance and other practical resources on the implications of the coronavirus COVID-19 pandemic for UK and international regulation of company accounts.
We have a separate page on coronavirus and charities providing practical information on filing accounts, managing charity finances and delivering services safely.
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.
30 March 2020: Keeping the market up to date with information is as important as ever, notwithstanding the extra time given to publish audited financial statements.
27 March 2020: Employers do not have to report gender pay gaps for 2019/20 following a government announcement that the deadlines were suspended for this reporting year
27 March 2020: ICAEW's Technical Advisory Service considers the requirements of standards and potential impact of coronavirus on attendance at stocktakes and the auditor's report.
Consolidated guidance issued by the FRC for companies on corporate governance and reporting. The document covers management information, risk management and internal controls systems, dividends and capital maintenance, corporate reporting, the strategic report, viability statement, and financial statements. It supersedes previous guidance.
Updated report produced by the FRC's Financial Reporting Lab which highlights three key areas of disclosure and updates on recent developments in corporate reporting, with practical examples from actual reports and presentations released by companies since June 2020.
Updated report produced by the FRC's Financial Reporting Lab which explores current disclosure practices and how corporate reporting is developing, with practical examples from actual reports and presentations released by companies since June 2020.
Statements and other documents issued by the European Securities and Markets Authority (ESMA) offering guidance on corporate disclosure, audit, benchmarks and transparency during the coronavirus pandemic.
A summary produced by Accountancy Europe of responses by country to the implications on company reporting as a result of COVID-19. The publication focuses on extension of filing deadlines, IAS 10 Events After the Reporting Period, going concern, IAS 36 Impairment of Assets, IFRS 9 Financial Instruments, and other governance matters. A separate page Coronavirus crisis resources – banks covers information for European professional accountants dealing with financial institutions.
The Financial Conduct Authority (FCA) has announced a temporary relief which will permit listed companies that need extra time to complete their audited financial statements an additional two months to publish them. It also confirms that the voluntary moratorium on publication of preliminary statements of account (prelims) can end on 5 April 2020.