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Brexit and financial reporting

This page contains a list of externally produced resources which focuses on the financial reporting implications of the decision to leave the EU.

Looking for the ICAEW view on Brexit? Find the latest updates and expert analysis at the ICAEW Brexit hub.

UK Government and FRC guidance on accounting and auditing if there's no Brexit deal

The Department for Business, Energy & Industrial Strategy (BEIS) and Financial Reporting Council (FRC) issued letters to the accounting and audit sectors on how they would be affected if the UK leaves the EU with no deal.

Statements and publications

The inclusion of an article, publication or online resource on this page does not constitute a recommendation or endorsement.

Brexit and viability disclosures

Deloitte January 2019

An eight page briefing from Deloitte which provides a reminder of the requirements of the longer term viability statement and highlights the key challenges directors will face in their analysis. The briefing identifies some key areas of impact and questions for directors to consider.

Accounting implications of the UK’s Brexit decision for December 2018 period ends

PWC 17 December 2018

A 16 page in-depth update from PWC on the accounting implications of the UK’s Brexit decision for December 2018 period ends. The paper looks at the Brexit-related risks that management should be considering for their impact on accounting and reporting. Areas covered include events after the balance sheet date; narrative reporting - strategic and governance reports; impairments; valuations; disclosures including financial risk; foreign exchange rates; hedge accounting; restructuring and personnel; changes to company law; profit distributions; and tax accounting implications.

Brexit: Financial reporting implications

Audit Committee Institute 10 January 2018

Two page briefing from the Audit Committee Institute (KPMG) highlighting the immediate accounting and reporting implications to consider when preparing half-yearly and annual financial reports.

The impact of Brexit on corporate reporting

EY July 2017

Short paper from EY intended to help companies with the disclosure of the impact of Brexit in the strategic report and financial reporting considerations in interim financial statements and annual financial statements.

The risks and opportunities of Brexit

Deloitte July 2017

Survey from Deloitte looking at how companies have disclosed the risks, opportunities and contingency planning for Brexit in their annual reports, illustrated with examples. The authors offer some advice on how companies could tackle the topic, drawing on the findings from the 60 FTSE 100 annual reports they reviewed.

Speech by Sir Win Bischoff on the implications of Brexit

Financial Reporting Council 12 October 2016

Speech by Sir Win Bischoff, FRC Chairman, at the Financial Services BREXIT summit setting out the implications of Brexit on financial reporting, auditing and corporate governance

FRC issues advice to preparers of listed companies

Financial Reporting Council 11 October 2016

FRC guidance issued to preparers of annual reports for around 1,200 large and smaller listed companies which highlights key issues and improvements that can be made to annual reports in the 2016 reporting season to help to foster investment in the UK. The letter includes a section on disclosures relating to the EU referendum result.

Brexit - Financial reporting implications

Audit Committee Institute 21 July 2016

A briefing document from KPMG's Audit Committee Institute that addresses the initial accounting and reporting impacts of the referendum outcome with a specific focus on the key considerations for audit committees.

Brexit: Accounting implications of UK’s Brexit decision

PWC 15 July 2016

Part 1 of an expected series of guidance on the financial reporting consequences of Brexit. This publication in the 'In depth' series is of particular relevance to those entities with a 30 June 2016 year end and those finalising interim reports.

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Help and support from the Library

The ICAEW Library & Information Service maintains a large collection of resources that can help you with the different issues and opportunities arising from the EU referendum decision. The wide range of topics covered includes exchange rates, export and supply chain management.

Articles and books

The collection of articles and books held by the library on the UK exit from the European Union is growing as the professional press consider the implications and the practical steps that can be taken now. 

Selected titles

Company law update : governance, distributions and Brexit
Accountants Digest ; no.651
Duvall, D (Croner-i, 2019)
Digest covering a range of recent and potential future changes to company law, including the impact of Brexit in the context of the company law amendments made in early 2019.

Brexit implications for accountants
Accountants Digest ; no.628
Paul Bowyer (Wolters Kluwer, April 2017)
This digest will guide you around the breadth of implications facing accountants, covering corporate governance, audit, accounting, tax, VAT and employment.

Doing business after Brexit: A practical guide to the legal changes
Helen Tse (Bloomsbury Professional, August 2017)
This practical guide considers the legal issues arising out of Brexit and the issues that businesses are likely to face. The book suggests appropriate steps to mitigate risk and take advantage of any opportunities.

If you wish to see any of the material listed in our catalogue please contact the library enquiry team by telephone on +44 (0)20 7920 8620, by web chat or by email at library@icaew.com


ICAEW members, Business and Finance Professionals, ACA students and Forensic & Expert Witness/Valuation Community subscribers can access the overview of BVB Insights: Data and analysis on UK private company multiples as a free member benefit. The 2019 edition of this annual publication looks at how deal multiples have fared two years on from the EU referendum.

Specialist databases

The library offers access to international accountancy, business, law and tax databases that include further articles and analysis following the EU referendum result and information that can help you explore new business opportunities.

If you are visiting Chartered Accountants’ Hall you can access these databases directly through the computers in the Business Centre. Alternatively, the enquiry team can search the databases on your behalf and supply the most appropriate material by email (subject to licences).

Can't find what you are looking for?

If you're having trouble finding the information you need, ask the Library & Information Service. Contact us by telephone on +44 (0)20 7920 8620, by web chat or by email at library@icaew.com.

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