ICAEW insights, technical guidance and other practical resources on the implications of the coronavirus COVID-19 pandemic for preparers of UK GAAP financial statements.
This guide identifies some key areas where entities might need to consider the impact of COVID-19 when preparing disclosures within their annual report and accounts.
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The spread of the coronavirus pandemic (COVID-19) resulted in the rapid adoption of remote working, including remote auditing techniques. This extract from the Audit and Assurance Faculty Know-How guide 'Remote auditing in practice' focuses on revising audit approaches and risk assessments.
This guide highlights a number of key issues arising from COVID-19 that may require consideration in connection with trustees’ annual reports and accounts for charities.
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Technical helpsheet issued to help ICAEW members and Financial Reporting Faculty members, understand the accounting considerations and requirements for redundancy payments under FRS 102.
Factors to consider when doing a going concern assessment and the practical implications for financial reporting.
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Technical helpsheet issued to help ICAEW and Financial Reporting Faculty members account for COVID-19 support schemes.
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Technical helpsheet issued to help ICAEW and Financial Reporting Faculty members account for COVID-19 support schemes.
A checklist of factors to consider when preparing micro-entity accounts.
Factors to consider when preparing financial statements with early 2020 year ends.
Factors to consider to help determine whether events are adjusting or non-adjusting in the accounts.
A short guide on the impact for companies with 2019 and early 2020 year-ends primarily aimed at those entities preparing accounts in accordance with FRS 102.
7 December 2018: Marianne Mau looks at the High Court's recent decision on the Lloyds Banking Group pensions scheme, and examines what the accounting implications are.
This factsheet is a summary of the basic principles of accounting for impairment with practical guidance to will help with implementation.
A short webcast, suitable for UK GAAP and IFRS reporters, outlining the accounting requirements for impairment of assets in the context of the pandemic.
A 20-minute webcast exploring the financial reporting implications of COVID-19 for micro-entities.
Aimed at UK GAAP reporters, this webcast outlines accounting considerations for a range of support schemes being made available to businesses during the pandemic.
ICAEW’s Audit and Assurance Faculty shares a recording of its recent webcast looking at the challenges in accounting for and auditing revenue as a result of the COVID-19 pandemic.
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.
In this short webcast, ICAEW’s Financial Reporting Faculty provides an overview of the financial reporting implications of COVID-19.
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This webinar updates you on the latest developments and implementation issues in UK GAAP, including changes to reporting regulations.
Review by the FRC of interim and annual reports and accounts identifying areas where disclosures affected by coronavirus can be improved, along with examples of better disclosures. The report examines going concern and viability statements; cash, liquidity and covenant compliance; dividends and capital management; the strategic report; alternative performance measures; presentation of primary statements; expected credit loss provisioning; significant judgements and estimates; fair value measurements; impairment; defined benefit pension schemes; provisions and onerous contracts; adjusting and non-adjusting post balance sheet events.
In this AccountingWEB article, Steve Collings examines the FRS 102 accounting treatment for a loan received under the Coronavirus Business Interruption Loan Scheme (CBILS) with example calculations and entries.
Article published by Chartered Accountants Ireland highlighting the requirements around going concern from an accounting and auditing perspective. It discusses the requirements of UK and Irish GAAP, company law, management's or directors' assessment, disclosures, responsibilities of auditors, the auditor's report, regulators and company filings.