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.

Access resources that explain the proposals outlined in the Corporate Transparency and Register Reform White Paper

Get the latest news and opinions on the UK government’s proposed measures to restore trust in governance, reporting and auditing

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.

Answers to initial questions on topical issues, with signposts to additional information

Premium access to the IFRS Foundation’s IFRS Standards Navigator is available to Financial Reporting Faculty members.

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.

An overview of the European Single Electronic Format (ESEF) requirements and signposts to further guidance.

On this page, the Financial Reporting Faculty presents a simple Q&A on IFRS Sustainability Disclosure Standards with the aim of introducing the topic and explaining the story so far.

This page covers the Section 172 (s172) reporting requirements, where they come from and which companies they apply to, as well as some top tips and links to further resources on the topic.

On this page, the Financial Reporting Faculty provides an overview of the Task Force on Climate-related Financial Disclosures (TCFD) and associated recommendations. It also explains how TCFD fits in with UK reporting requirements and the IFRS Foundation’s new International Sustainability Standards Board (ISSB).

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.

While acknowledging that applying IAS 33 is not always straightforward, the FRC highlights aspects of the standard that are more frequently applied incorrectly, and/or tend to cause confusion.

Delays in publishing the Whole of Government Accounts make it even more difficult for the government to have a clear understanding of the UK’s fiscal position as it embarks on major tax and spending changes that will reshape the public finances.

Public sector net debt on track to exceed £2.5trn by the end of the financial year, as £21bn of central government leases are brought onto the public sector balance sheet in August.

Exposure draft reflects improvements made to full IFRS Accounting Standards since it was last updated in 2015 and may have knock-on effects on UK GAAP.