As ESG rises up the agenda, finance and accounting teams need to take a lead role in transforming business practice. David Brightman, head of solutions marketing EMEA, BlackLine, explains
The government is consulting on plans to extend a statutory exemption on certain aspects of asset reporting under IFRS 9 Financial Instruments by public authorities
The Financial Reporting Council (FRC) Lab is inviting asset owners, including pension funds, insurers and investment consultants to feedback on the quality of stewardship
Natalie Todd, partner at Cooke, Young and Keidan, examines the impact of the recent Luckhurst case on whether fraud suspects can use frozen funds to pay legal expenses in civil litigation
The government has brought in changes to the accounting rules for local councils preventing them from capitalising revenue costs to fund projects in certain instances
The global accounting standard setter plans to work on completing current improvements to IFRS standards and support the drive for universal sustainability standards as part of five-year plan
In this month’s roundup of legal news, Sophie Brookes and Debbie Shaw assess rulings on contracts in DD Classics, informal novation of contract in Gama Aviation and implications of National Security and Investment Act
After two years of closure due to the pandemic Companies House has confirmed that it will permanently close its office in London with all filing being pushed to online
The Financial Conduct Authority (FCA) has issued fines in excess of £870,000 for three former Carillion directors over misleading information about the giant outsourcing company's financial performance in the months before its collapse
The Financial Stability Board (FSB) has flagged progress on the creation of International Sustainability Standards in its first annual progress report on climate-related financial risks
The number of company dissolutions increased by a third in 2021-22, representing the highest number of dissolutions on record, according to Companies House
The International Accounting Standards Board (IASB) plans to simplify revenue recognition rules when it issues the consultation on IFRS for SMEs accounting standard
Critical judgments are frequently raised as an issue by the Financial Reporting Council in its annual Corporate Reporting Reviews as they are not clearly identified or explained. Rachel Farris FCA CTA, Croner-i, summarises the requirements around judgments set out in IAS 1
