Enhanced ICAEW membership
From 1 January 2023, as part of a wider initiative to support ICAEW members, Associate and Fellow members will no longer need to pay an additional fee for membership to the Financial Reporting Faculty.
Financial Reporting Faculty
As a faculty member you have exclusive access to a suite of online factsheets, the faculty’s webinar programme and events, IFRS Standards Navigator and much more.
Need to know
In this section
Factsheets
FRS 102 Overview
This factsheet provides a high-level summary of FRS 102 and includes practical tips and guidance on some common pitfalls. It has been updated for Brexit and recent amendments and includes a new section on climate-related matters.
IFRS 9 Financial Instruments - hedge accounting - Updated
This updated factsheet outlines the hedge accounting requirements of IFRS 9 Financial Instruments, comparing them with those of IAS 39. It also contains practical tips to help with implementation.
Distributable Profits
This factsheet provides practical guidance for UK directors on the determination of distributable profits and the risks of unlawful distributions.
Preparing and filing UK small entity accounts
This factsheet considers simplifications available to small entities and the criteria to be met. Updated November 2022.
Online guidance and Technical Releases
Planning for the 2022/23 reporting season
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.
How high inflation impacts accounting
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.
Going concern considerations – a guide for FRS 102 preparers
Factors to consider when doing a going concern assessment and the practical implications for financial reporting.
Auditor remuneration technical release - TECH 01/22
Updated guidance on the disclosure of auditor remuneration for the audit of accounts and other (non-audit) services which supersedes the guidance set out in TECH 14/13.
Webinars and events
Financial Reporting Faculty Events 2023
View upcoming webinars and events from the Financial Reporting Faculty.
Webinar recordings
Catch up on previous webinars hosted by the Financial Reporting Faculty, covering a range of topics including UK GAAP, IFRS and policy areas.
Essentials CPD Virtual Programme
Providing you with technical know-how and helping you meet your individual annual CPD requirement.
ICAEW Academy
As a global leader of the finance profession, we offer a comprehensive range of learning solutions for every stage of professional development, designed for finance teams and finance leaders.
Accounting standards
UK GAAP
Access to a wide range of online resources on UK GAAP accounting standards.
IFRS accounting standards
International Financial Reporting Standards (IFRSs) and IFRICs are accounting standards and interpretations published by the International Accounting Standards Board (IASB).
Accessing IFRS accounting standards
Alternative ways to find and access IFRSs.
Magazine and Insights
By All Accounts: December 2022
ICAEW's Nigel Sleigh-Johnson and Iain Wright discuss the Financial Reporting Faculty's past, present and future. This edition also includes tips for the upcoming reporting season and articles on climate-related disclosures, the IFRS for SMEs and Companies House reform.
By All Accounts July 2022
ISSB Vice-Chair Sue Lloyd talks to us about sustainability disclosure standards. This edition also looks at the ISSB's first two EDs, the UK's new climate-related financial disclosures, the financial reporting implications of the war in Ukraine and Companies House reform.
By All Accounts January 2022
Focused on sustainability reporting, this edition contains a nutshell guide to developments and a practical guide to implementing TCFD recommendations. Plus other topical issues for the 2021/22 reporting season.