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Financial reporting

View a range of practical resources on UK GAAP, IFRS and UK regulation of financial reporting, and find out more about the ICAEW Financial Reporting Faculty.

In this section

Coronavirus and financial reporting


FRS 100

FRS 100 Application of Financial Reporting Requirements sets out the financial reporting regime for the UK and Republic of Ireland.

FRS 101

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

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 103

FRS 103 Insurance Contracts consolidates the financial reporting requirements and guidance for insurance contracts.

FRS 104

FRS 104 Interim Financial Reporting provides guidance on the preparation of interim financial reports. It is based on IAS 34.

FRS 105

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

UK GAAP for small and micro-entities

Choosing the right regime

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.

Preparing and filing UK small entity accounts

This factsheet considers simplifications available to small entities and the criteria to be met. Published 28 February 2019.

UK GAAP for specific sectors



Full access to the IASB's eIFRS resource available to Financial Reporting Faculty members.

IFRS accounting standards

A synopsis of each IFRS, identifying recent amendments and which version of the standard applies to a particular period, with direct links to eIFRS.

Effective dates for IFRS

Mandatory dates identify which new IFRSs, IFRICs and amendments come into force for different time periods, linked to the ICAEW Financial Reporting Faculty’s standards tracker.

IFRS adoption around the world

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

UK regulation for company accounts

UK Regulation for Company Accounts – pre 2021

This factsheet provides an overview of the regulatory requirements affecting UK company accounts. It reflects the requirements of the Companies Act 2006 applicable to financial years beginning before 1 January 2021.

Improving corporate reporting

Improving Corporate Reporting

This page brings together a wide range of resources which explore the challenges and opportunities that are emerging and practical guidance to help members keep abreast of developments.

Growth, development and accounting

This report explores the role of accounting in promoting economic growth. It considers how this role has evolved and what lessons there are for the future.

Information for Better Markets

Find out about the ICAEW Financial Reporting Faculty’s thought leadership programme, ‘Information for Better Markets’, and access the latest reports and webcasts.

News and insights

COVID-related rent concessions beyond 30 June 2021

18 February 2021: As lockdown continues, the issue of commercial rent concessions is certainly topical. Now the IASB is proposing an extension to the availability of the practical expedient issued last year that allows entities to account for rent concessions due to COVID-19 in a simpler way.