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Impact of coronavirus on UK GAAP

ICAEW insights, technical guidance and other practical resources on the implications of the coronavirus COVID-19 pandemic for preparers of UK GAAP financial statements.

ICAEW insights

Coronavirus (COVID-19): Introducing reverse stress testing

21-05-2020

The COVID-19 pandemic has raised many questions about the viability of existing business models. Boards will in many cases need to revisit risk assessments and going concern assessments developed prior to the pandemic. Reverse stress testing is one technique entities can use to identify gaps in their risk management and vulnerabilities in their business models.

Coronavirus government support schemes under FRS 102

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20-05-2020

Technical helpsheet issued to help ICAEW and Financial Reporting Faculty members account for COVID-19 support schemes.

Coronavirus government support schemes under FRS 105

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20-05-2020

Technical helpsheet issued to help ICAEW and Financial Reporting Faculty members account for COVID-19 support schemes.

Coronavirus when to adjust the numbers

18-03-2020

As coronavirus continues to spread and more information comes to light about the nature of the virus and its impact, companies with 2019 and early 2020 year-ends need to consider how it affects their business and how the effects should be reported in the accounts.

FRS 102 - Impairment of assets

07-03-2018

This factsheet is a summary of the basic principles of accounting for impairment with practical guidance to will help with implementation.

Webinars

UK GAAP update

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19-03-2020

This webinar updates you on the latest developments and implementation issues in UK GAAP, including changes to reporting regulations.

External resources

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