The Financial Reporting Council (FRC) has issued proposed changes to UK GAAP for public consultation. Find out more about what is included in FRED 82 and how entities might be affected.

Resources, news, features and opinions on the impact of the Ukraine crisis on accountancy, business and the wider economy.

Resources to help management, investors and auditors understand the going concern concept and the evidence and disclosures required.

Access resources that explain current reporting requirements in relation to climate change.

Guidance for preparers of financial statements on the coronavirus outbreak, including advice on disclosure of risks and treatment of events after the reporting period.

FRS 101 Reduced Disclosure Framework sets out disclosure exemptions available to UK qualifying subsidiaries and parent companies that otherwise apply EU-adopted IFRS.

FRS 102 The Financial Reporting Standard is the principal accounting standard in the UK financial reporting regime. It sets out the requirements for entities that are not applying adopted IFRS, FRS 101 or FRS 105.

FRS 105 is the UK accounting standard for entities eligible for, and who choose to apply, the micro-entities regime.

Guidance and UK standards, including SORPs, covering a variety of business and industry sectors.

An overview of the criteria to be met, the requirements and simplifications available, and some practical considerations to help you choose the right financial reporting regime for your circumstances.

This page answers frequently asked questions about the filing options for small companies. Updated November 2022.

Alternative ways to find and access IFRSs.

International Financial Reporting Standards (IFRSs) and IFRICs are accounting standards and interpretations published by the International Accounting Standards Board (IASB).

UK preparers can only apply new and amended IFRSs once they have been UK-endorsed.

Find out which countries require or permit companies to apply IFRS and which standards have been endorsed by the EU.

A list of regularly updated free sources for IFRS model accounts and disclosure checklists.

The Companies Act 2006 (CA 2006) requires directors to ensure that the annual accounts give a true and fair view. In this section the Corporate Reporting Faculty provides an overview of UK financial reporting regulation for different types of company.

On this page, the Corporate Reporting Faculty provides an introduction to the work of the International Sustainability Standards Board (ISSB) and its IFRS Sustainability Disclosure Standards.

An overview of the section 172(1) statement requirements including some top tips.

An overview of the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) and related resources.

A report summarising thoughts shared at a roundtable discussion on recent climate reporting, including findings from faculty research.

View videos and academic papers from the 2021 Information for Better Markets conference on ‘Accounting standards: the ‘too difficult’ box’.

This study, which was undertaken with the Ministry of Finance in China, examines several aspects of the financial reporting by small companies.

An international investigation looking at the mining and oil & gas sectors. The report offers practical insight as it considers how to improve accounting by extractive companies.

Getting started on the journey towards reporting on nature issues may be easier than you think – incorporating it into climate disclosures could be the first step.

The final TNFD recommendations were launched at New York Climate Week. Toby Roxburgh, ICAEW’s Sustainability Manager, Nature and Biodiversity, explains what this means and why it matters.

In its response to the government’s call for evidence on non-financial reporting, ICAEW has outlined how it would like the UK government to develop and improve its reporting framework.

ICAEW’s response to the FRC’s consultation on revisions to the Corporate Governance Code stresses that the future of corporate governance is as much about nurturing good behaviours as it is about preventing corporate failures.