Discover the latest news and developments in financial reporting from ICAEW’s Financial Reporting Faculty.
26 October 2020: Sundip Jadeja, Technical Manager at the Climate Disclosure Standards Board, explains how the organisation is helping to advance the integration of climate-related matters into financial reporting.
26 October 2020: The FRC’s Executive Director, Regulatory Standards, Mark Babington, urges the profession and all businesses to put clarity of information and high-quality assurance at the forefront during this difficult time.
6 October 2020: In light of the continuing economic uncertainty caused by the coronavirus pandemic, ICAEW’s Financial Reporting Faculty has published a guide on going concern considerations for those preparing micro-entity accounts.
17 September: In light of COVID-19, ICAEW’s Financial Reporting Faculty has published new guidance on how to improve disclosures when preparing accounts in accordance with FRS 102.
4 August: The European Commission is in the process of reviewing non-financial reporting rules, in place for larger entities since 2018.
29 July: The Financial Reporting Council has proposed changes to FRS 102 and FRS 105
19 July 2020: When it comes to the 2020 accounts, the FRC is recommending companies provide full disclosure.
3 July 2020: The amended IFRS 17 standard is now effective for annual periods beginning on or after 1 January 2023 with earlier application permitted, writes ICAEW’s Zsuzsanna Schiff.
26 June 2020: ICAEW has compiled a number of resources around going concern to support members in business and practice during these challenging times. Here are some links to start off with.
26 June 2020: ICAEW CEO Michael Izza explains the importance of going concern for auditing the effects of COVID-19, and how the Institute is supporting members with new resources.