Corporate Reporting Faculty highlights
Exclusive
IFRS 17 Insurance Contracts for non-insurers – do you have contracts that fall within its scope?
- Helpsheets and support
- 20 Feb 2023
This guide helps non-insurers determine whether, and to what extent, they may be affected by the standard.
Exclusive
Planning for the 2022/23 reporting season
- Helpsheets and support
- 08 Dec 2022
This guide sets out the areas of reporting that may require more attention than in previous years. It also considers the impact of an uncertain economic environment on the accounts.
Exclusive
How high inflation impacts accounting
- Article
- 05 Dec 2022
As inflation increases after a sustained period of low inflation, companies are now having to consider the impact high inflation has on their financial reporting and related uncertainties.
Exclusive
Going concern considerations – a guide for FRS 102 preparers
- Helpsheets and support
- 06 Sep 2022
Factors to consider when doing a going concern assessment and the practical implications for financial reporting.
Exclusive
Going concern considerations – a guide for FRS 105 preparers
- Helpsheets and support
- 06 Sep 2022
Factors for preparers of micro-entity accounts to consider when doing a going concern assessment and the practical implications for financial reporting.
Exclusive
Going concern considerations - a guide for IFRS reporters
- Helpsheets and support
- 06 Sep 2022
This guide summarises management’s responsibilities for assessing going concern and the associated practical implications for financial reporting under IFRS.
Improvement needed on discount rates disclosures, FRC warns
- Article
- 16 Jun 2022
The regulator’s latest thematic review identifies common challenges in the reporting of discount rates based on analysis of annual reports.
Exclusive
Financial instruments: FRS 102 factsheet
- Helpsheets and support
- 05 Jan 2023
- PDF (495kb)
Summarising the requirements of FRS 102 for basic and other financial instruments, this factsheet includes practical tips and illustrative examples.
Latest news and insights
IASB agrees Management Commentary Practice Statement revisions
- Article
- 09 Jul 2024
The International Accounting Standards Board will update the Practice Statement to pave way for more integrated financial and non-financial reporting in the future.
ISSB announces two-year work plan
- Article
- 08 Jul 2024
The ISSB has announced that it has embarked on its two-year work plan, plus some additional developments regarding its strategic relationships that promise ‘further harmonisation’ of the disclosure landscape.
Burden of reporting puts investor relationships at risk
- Article
- 20 Jun 2024
The volume and breadth of reporting is smothering the critical dialogue between corporates and investors, experts warn.
Interoperability: new guidance highlights overlaps between ISSB and ESRS
- Article
- 11 Jun 2024
Joint paper from IFRS Foundation and EFRAG arms preparers of sustainability reports with practical advice on how to comply with both sets of standards at once and reduce reporting burden.
Free CPD: FRS 102
- Article
- 10 Jun 2024
FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland has seen several, relatively minor, amendments since being introduced in 2015. More significant changes, however, take effect from January 2026 following the second, comprehensive, periodic review of the standard. This article will help you find free CPD-verifiable content that will bring you up to speed.
IASB floats amendments for renewable electricity contracts
- Article
- 23 May 2024
Rule changes aim to improve the relevance of financial statements on renewable electricity contracts, as more and more companies transition to clean power sources.
Government delivers timeline for S1 and S2 endorsement
- Article
- 20 May 2024
Dates for endorsement of the International Sustainability Standards Board’s IFRS S1 and IFRS S2 standards announced, ending speculation over timescales for new reporting requirements.
How ICAEW is shaping sustainability standard setting
- Article
- 17 May 2024
A major ICAEW report reflects on the lessons to be learned from the experience of accounting standard setting to shape the development of future sustainability reporting standards.