Accounting

Accounting | FCA drops probe into M&C Saatchi accounts

Listed advertising agency M&C Saatchi has confirmed that the Financial Conduct Authority (FCA) has closed its investigation into financial reporting and accounting misstatements, first announced in January 2020, and that no enforcement action will be taken

21 Jan 2022

Financial reporting

Accounting | ESG is urgent business priority, says IoD

The Institute of Directors (IoD) has set out a number of environmental, social and governance (ESG) issues for businesses to adopt, stressing the importance of avoiding green washing by exagerrating claims

20 Jan 2022

Financial reporting

Corporate governance

Accounting | UKEB sets out regulatory strategy

The UK Endorsement Board (UKEB) has published its 2022/23 Regulatory Strategy for consultation setting out its priorities and research plan

18 Jan 2022

Financial reporting

Accounting | Accounting rules for social housing providers updated for 2022

The government has published the latest rules on accounting for registered and social housing providers for preparation of their accounts from January 2022

14 Jan 2022

Accounting standards

Financial reporting

Accounting | Family run businesses and succession planning

The pandemic has raised questions about the succession plans in family run businesses, explains Simon Walsh and Marilyn Bell, partners at SA Law

10 Jan 2022

Financial reporting

Accounting | Accounting for share-based payments under IFRS 2

Sarah Baxendale FCA sets out the key considerations for applying IFRS 2 Share-based payment, particularly when determining whether arrangements should be treated as equity-settled or cash-settled

5 Jan 2022

Accounting standards

Financial reporting

Accounting | Legal updates: January 2022

In this month’s legal update, Sophie Brookes, partner at Gateley, examines the meaning of an ‘all reasonable endeavours’ clause, changes to the LSE Listing Rules and new procedure to report PSC discrepancies at Companies House

4 Jan 2022

Law and regulation

Accounting | How to file dormant company accounts

With year end approaching it is important to remember that dormant company accounts need to be filed, explains Rachel Roberts, head of compliance and enforcement, Companies House

24 Dec 2021

Financial reporting

Accounting | Year-end accounts: reporting on Covid and Brexit

Rachel Farris FCA CTA and Sarah Baxendale FCA of Croner-i look at 2021 year-end reminders for those preparing and auditing accounts in the UK, including the impact of Covid and Brexit, and key amendments under IFRS and UK GAAP

24 Dec 2021

Accounting standards

Financial reporting

Accounting | PRAG publishes guidance on climate disclosures

The Pensions Research Accountants Group (PRAG) has published guidance to help practitioners understand the Taskforce on Climate-related Financial Disclosures (TCFD) governance and reporting requirements for certain pension schemes from 1 October 2021

22 Dec 2021

Financial reporting

Accounting | Accounting rules for LLPs revised with SORP 2022

CCAB has issued the revised Statement of Recommended Practice – Accounting by Limited Liability Partnerships (LLPs SORP) due to come into effect from 1 January 2022

20 Dec 2021

Accounting standards

Financial reporting

Accounting | BBC will have to cut programming to achieve savings

The BBC is forecast to exceed its original savings target of £800m a year by 2021-22 and is largely on track to meet its increased target of £1bn a year

17 Dec 2021

Financial reporting

Accounting | Progress on sustainability standards as chair appointment imminent

The FRS Foundation has confirmed that it is close to appointing a chairperson for the newly set up International Sustainability Standards Board (ISSB) while it has outlined plans for work priorities

16 Dec 2021

Accounting standards

Financial reporting

Accounting | What is merger accounting?

When accounting for mergers, the rules are slightly different with the use of book values as opposed to fair values, which affects the consolidated financial statements, explains Steve Collings FMAAT FCCA

15 Dec 2021

Financial reporting

Accounting | Corporate accounting scandals and the SFO

Recent decisions by the Serious Fraud Office to abandon long-running investigation into accounting fraud at Quindell raise questions about why the case was abandoned, says Andrew Smith, partner at Corker Binning

14 Dec 2021

Financial reporting

Accounting | IASB chair sets out IFRS priorities for 2022

The priorities for IFRS in the next year include projects to review primary financial statements, post-implementation reviews and goodwill and impairment, according to the International Accounting Standards Board (IASB)

13 Dec 2021