Previous reports
Climate-related reporting: sharing reflections on the 2021/22 reporting season
Summarising a roundtable of senior stakeholders from a range of UK organisations to reflect on the outcome of the first reporting season since listing rules introduced a requirement for premium listed entities to disclose under the TCFD framework, this report considers progress in climate-related reporting in the UK.
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Non-financial reporting: ensuring a sustainable global recovery
This paper, published in 2020 as world economies began their recovery from the impact of the COVID-19 pandemic, offers a constructive contribution to the debate on non-financial reporting taking place in Europe and elsewhere at the time, prompted by the legislative review of the EU’s Non-Financial Reporting Directive.
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Brexit: implications for financial reporting
Published in 2017, this report emphasises the economic importance of financial reporting and addresses some of the key financial reporting issues the UK was expected to face post-Brexit. It also offers policy recommendations in response to key questions raised on this important subject.
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Moving to IFRS reporting: seven lessons learned from the European experience
Published in 2015, this report summarises ICAEW’s contribution to the European Commission’s assessment of the impact of the adoption of IFRS across the EU. The report contains lessons from the experience of the UK and EU to assist jurisdictions outside Europe contemplating, or in the early stages of, IFRS adoption.
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The effects of mandatory IFRS adoption in the EU: a review of empirical research
Published in 2015, this report summarises the findings of about 200 research papers on the effects of mandatory IFRS adoption in the EU. The report considers lessons from academic research on the costs and benefits of IFRS implementation, and challenges in using empirical research to review the effects of major policy changes.
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The future of IFRS
Published in 2012, this report, prepared at a time when momentum behind the IFRS project was slowing, aimed to understand the benefits of a global set of standards, take stock of what has been achieved to date, and encourage the widest debate possible about safeguarding the success of IFRS implementation.
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Measurement in financial reporting
Published in 2006 during a time of growing controversy around the question of measurement in financial reporting, this report argues that decisions on the regulation of financial reporting measurement should be regarded as matters of public policy, and should be subject to the overriding tests of cost-effectiveness and fitness for purpose.
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Business models in accounting: the theory of the firm and financial reporting
This report, published in 2010, explores what insights might be gained from the economic theory of the firm, specifically in relation to measurement issues in financial reporting. It argues that financial reporting measurement which reflects firms’ business models is both consistent with the theory and desirable in its own right.
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