This guide summarises the measures introduced relating to filing requirements at Companies House to support companies during the COVID-19 pandemic.
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.
Tim Mohin, from the Global Reporting Initiative, explores the need for robust sustainability reporting.
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: for listed companies, keeping the market up to date with information is as important as ever, notwithstanding that they have been given an extra time to publish their audited financial statements, writes ICAEW’s Katerina Joannou.
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.
26 March 2020: Companies may apply for an automatic and immediate three-month extension to their filing deadlines. Find out more, plus how to change reporting dates.
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.
FRC Company Guidance (Updated 20 May 2020) (COVID-19): Guidance for companies on Corporate Governance and Reporting (Including Interim Reports)
Guidance for companies published by the FRC highlighting key issues for boards and addressing common challenges for preparers of annual reports and other corporate reporting, particularly regarding disclosures. Updated to include explanations of how organisations should report exceptional items and alternative performance measures (APMs). The high-level guide provides notes on management information, risk management and internal controls systems, dividends and capital maintenance, corporate reporting, strategic report and viability statement, going concern and material uncertainties, significant judgements and estimation uncertainty, events after the reporting date, and interim reports.
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.