Displaying 1-50 of 193 results
Summary of IPSASB March 2024 meeting
- Article
- 12 Apr 2024
The International Public Sector Accounting Standards Board (IPSASB) held their first meeting of the year in New York with a number of interesting projects to report back on, including sustainability reporting and presentation of financial statements.
TPT publishes guidance on securing transition finance
- Article
- 11 Apr 2024
Expert body’s final batch of advice provides companies in every sector with insights on how to attract investment to support their journey to net zero.
IASB publishes IFRS 18
- Article
- 10 Apr 2024
The IASB’s latest IFRS Accounting Standard, IFRS 18 Presentation and Disclosure in Financial Statements, focuses on new requirements for the statement of profit or loss.
Finance function key to materiality testing
- Article
- 09 Apr 2024
Bringing accountants into materiality testing early on is vital not just for better reporting, but more effective ESG strategies, consultancy says.
Strategic Finance Network Group
- Article
- 08 Apr 2024
The first face-to-face meeting of the Strategic Finance Network Group tackled the fascinating subject of ‘Influencing Upwards’ at an event hosted by ICAEW at Chartered Accountants Hall.
How core accountancy skills are key to ESG
- Article
- 04 Apr 2024
While there still may be much to learn, accountants have the best foundational skills to be able to take on ESG and non-financial reporting work.
New revenue recognition model for FRS 102 and FRS 105
- Article
- 28 Mar 2024
The FRC has issued its latest amendments to UK GAAP, introducing a five-step model for revenue recognition and on-balance sheet recognition for most leases by lessees to FRS 102.
IASB outlines plans for better acquisitions reporting
- Article
- 26 Mar 2024
International Accounting Standards Board issues exposure draft setting out proposals for improved acquisitions reporting, in response to concerns from stakeholders.
SEC standardises climate-related disclosures for investors
- Article
- 20 Mar 2024
The US Securities and Exchange Commission has clarified its climate-related disclosures rules after a lengthy deliberation period.
UK company size thresholds to rise
- Article
- 19 Mar 2024
The monetary thresholds that determine company size are being raised by 50% as part of a drive to cut complexity and burden from legislative reporting requirements.
Zurich Insurance Group on the sustainability reporting challenge
- Article
- 18 Mar 2024
Karthik Thilak, Group Head of Financial Accounting and Reporting at one of the world’s biggest insurers, explains its approach to sustainability reporting, which puts accountants at the heart of the process.
How AI is blazing a trail in ESG reporting
- Article
- 08 Mar 2024
Businesses are seeking the aid of artificial intelligence to drive efficiencies in their ESG reporting work – but users should be aware of some crucial caveats.
Changes to accounts preparation and filing requirements
- Article
- 24 Jan 2024
As well as measures to tackle economic crime, the new Economic Crime and Corporate Transparency Act aims to improve information held on the UK companies register.
FASB issues crypto asset standard
- Article
- 23 Jan 2024
New requirements will create a divergence from the current requirements of IFRS Accounting Standards and UK GAAP.
ICAEW backs purpose-led reporting requirements for Scope 3
- Article
- 09 Jan 2024
As stakeholder demands for organisations to report on Scope 3 information ramp up, reporting challenges include the potential for significant error, ICAEW warns.
2024 - a year of major change
- Article
- 02 Jan 2024
Several general elections across the globe have great implications for the profession in 2024. But those are not the only changes that will affect accountants.
Just 8% of SMEs reporting on sustainability issues
- Article
- 14 Dec 2023
Amid growing demand for sustainability data from companies of all sizes, small and medium firms are hitting cost and complexity barriers, new research finds.
Accountants must redouble net zero efforts, A4S warns
- Article
- 29 Nov 2023
Accounting for Sustainability says directors are still in the early stages of having the right information, capabilities and tools to ensure sustainability targets become action.
Cross-sector ESRS adoption paves way for CSRD implementation
- Article
- 27 Oct 2023
Cornerstone package of sustainability reporting standards holds off an 11th-hour parliamentary challenge to pass through its final scrutiny period and take legal effect.
ISSB standards: the right solution for the UK
- Article
- 24 Oct 2023
ICAEW highlights benefits of the UK adopting IFRS Sustainability Disclosure Standards in response to TAC’s call for evidence.
Government withdraws draft corporate reporting regulations
- Article
- 18 Oct 2023
Decision to abandon new rules for large UK listed and private companies signals an end to UK audit and corporate governance reform initiated after the demise of Carillion, ICAEW warns.
Standard setters highlight concerns in letter to ISSB
- Article
- 12 Oct 2023
National standard setters flag connectivity with accounting standards, the ISSB’s strategic roadmap and implementation priority as areas in particular need of attention.
International Non-Profit Accounting Guidance: second Exposure Draft
- Article
- 11 Oct 2023
Latest draft guidance covering revenue from grants and donations, grant expenses, inventories and foreign currency translation hopes to engender greater trust in the sector globally.
Transition Plan Taskforce delivers Disclosure Framework
- Article
- 06 Oct 2023
The Transition Plan Taskforce (TPT) has released its best practice Disclosure Framework for climate transition plans.
Commission floats changes to EU business-size brackets
- Article
- 05 Oct 2023
Proposed adjustments to category criteria in line with recent surge of inflation would help the EU towards goal of reducing corporate reporting obligations by 25%.
Taking the pain out of carbon measurement
- Article
- 04 Oct 2023
Ecologi’s technology solution plugs into accounting software to give companies a carbon footprint baseline from which to base an emissions reduction strategy, but measurement is only part of the challenge.
FRS 102 amendments likely to differ from FRED 82
- Article
- 03 Oct 2023
Amendments to FRS 102 and other FRSs have been pushed back a year. The standard-setter says it will seek further simplifications to ensure proportionality for micro-entities.
‘Streamline, align, refine’ for better non-financial reporting
- Article
- 18 Sep 2023
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.
Must accounting standards change to meet SDG targets?
- Article
- 18 Sep 2023
The UN Sustainable Development Goals were created in 2015 as global targets for social, environmental and economic improvements to aim for by 2030. Halfway to that date, what progress have we made?
Need to know: Economic Crime Bill and Companies House reform
- Article
- 01 Sep 2023
As the Economic Crime and Transparency Bill enters the final stages in the parliamentary process, ICAEW Insights recaps how the flagship legislation to tackle money laundering and reform Companies House will impact accountants and businesses.
ISSB must prioritise IFRS S1 and S2
- Article
- 25 Aug 2023
In its response to the ISSB’s call for opinions on its agenda priorities, ICAEW stresses the importance of prioritising the implementation of IFRS S1 and S2.
Free CPD: Where to start with sustainability reporting
- Article
- 22 Aug 2023
As more organisations undertake sustainability reporting, they are looking to finance teams for support. ICAEW membership provides access to a range of resources to help you get to grips with the essentials.
IFRS Foundation reveals streamlining between IFRS S2 and TCFD
- Article
- 14 Aug 2023
Analysis by the IFRS Foundation shows consistency between IFRS S2 Climate-related Disclosures and four core recommendations and 11 recommended disclosures published by the TCFD.
CCAB publishes updated draft of LLP SORP
- Article
- 10 Aug 2023
Draft LLPs Statement of Recommended Practice follows stakeholder feedback from the 2021 consultation, guidance in a number of areas affecting the financial statements of LLPs.
Consultation opens on global sustainability assurance standard
- Article
- 03 Aug 2023
The International Auditing and Assurance Standards Board (IAASB) is calling on anyone involved with preparing, using and regulating sustainability reports to feedback on its proposed International Standard on Sustainability Assurance – ISSA 5000.
European Sustainability Reporting Standards greenlit by Commission
- Article
- 01 Aug 2023
The EU Commission has formally adopted new standards for sustainability reporting which are set to come into effect for large, listed companies from 2024.
Financial Reporting Council appoints new CEO
- Article
- 31 Jul 2023
Former CAA chief Richard Moriarty will be taking the helm at the FRC and leading its transformation into the new Audit, Reporting and Governance Authority.
IFRS 15 goes under microscope in four-month consultation
- Article
- 25 Jul 2023
IASB review seeks stakeholders’ views on whether revenue recognition standard is working as it should – with costs and benefits of implementation a central concern.
Proposals strengthen big business assurance and resilience claims
- Article
- 20 Jul 2023
Long-awaited audit and corporate governance proposals are put forward by government, but missing elements of the reform jigsaw – including ARGA establishment and PIE definition – still needed, ICAEW warns.
ISSB issues first sustainability disclosure standards
- Article
- 26 Jun 2023
Corporate reporting has taken a major step forward today as the International Sustainability Standards Board (ISSB) published two IFRS Sustainability Disclosure Standards which aim to boost transparency in ESG information published by companies.
FRC seeks Chair for UK Sustainability Disclosure TAC
- Article
- 12 Jun 2023
As activity around non-financial reporting rules increases, candidates are sought for the role of Chair of the advisory committee, as well as members.
Getting the data right for impact investing
- Article
- 07 Jun 2023
As we reach consensus around sustainability reporting standards, impact investors have done a great deal to define what good data looks like.
Government call for evidence on non-financial reporting
- Article
- 06 Jun 2023
A major review of the UK’s corporate reporting framework is to consider rationalising current reporting requirements
ISSB work plan floats pathway towards integrated reporting
- Article
- 02 Jun 2023
Consultation proposal notes that a more cohesive and efficient approach to corporate reporting would boost the quality of data available to the investment community.
SEC Commissioner: IFRS cannot lose sight of core role
- Article
- 18 May 2023
In his only UK speech during his visit last week, the US Securities and Exchange Commission’s Mark T Uyeda stressed the importance of a focus on accounting standards in his keynote address at Chartered Accountants’ Hall.
ICAEW submits final views on FRED 82
- Article
- 02 May 2023
ICAEW is broadly supportive of the draft amendments to UK GAAP standards set out in FRED 82, but raises issues that the Financial Reporting Council (FRC) should consider before finalising changes to FRS 102 and other FRSs.
Why FRED 82 matters to charity finance professionals
- Article
- 18 Apr 2023
The Financial Reporting Council (FRC) is seeking feedback on draft amendments to FRS 102. Here’s why it’s important for all charity finance professionals to make their voices heard before the consultation deadline of 30 April 2023.
FRED 82: ICAEW’s initial views
- Article
- 04 Apr 2023
ICAEW is broadly supportive of the Financial Reporting Council’s (FRC) draft amendments to UK GAAP but highlights areas that need further consideration, including the approach to lease accounting requirements and the proposed effective date.
IASB improves approach to developing disclosure requirements
- Article
- 15 Mar 2023
Early engagement with users of financial statements and consideration of digital reporting implications of new disclosure requirements among changes outlined by the body responsible for development of IFRSs.
IASB retains impairment-only goodwill model in M&A
- Article
- 06 Mar 2023
ICAEW welcomes the rejection of a reintroduction of amortisation of goodwill following evidence gathered in the IASB’s Business Combinations project.
Displaying 1-50 of 193 results