The trustees of the IFRS Foundation has announced the formation of a working group to accelerate convergence in global sustainability reporting standards and to undertake technical preparation for a potential international sustainability reporting standards board
The UK Endorsement Board (UKEB) has appointed 10 board members to the new body, set up to endorse and adopt new or amended international accounting standards in the UK after Brexit
The IFRS standard setter is currently consulting on the accounting rules for regulatory assets and regulatory liabilities under IFRS 14 and their impact on financial performance. Jeroen Van Doorsselaere examines the impact on P&L
Paul Wilden, global head of capital markets and Sean Martin, head of corporate services & private clients at Apex Group, highlight the impacts of the pandemic on going concern statements, recent guidance and outline tips for auditors to ensure best practice is followed
The International Accounting Standards Board (IASB) has issued guidance on how to apply going concern judgments when finalising annual reports as covid-19 impacts revenue
The International Integrated Reporting Council (IIRC) has published revisions to the International <IR> Framework to enable more decision-useful reporting
Continuing Covid-19 restrictions have seen Accountex London – the UK’s flagship accounting and finance conference and exhibition – postponed until May 2022
To some last year’s travails were a first test for the changed IFRS standards that took on new forms after the 2008 crisis. Others, meanwhile, were calling out for exceptional measures, as opposed to trusting in the standard frameworks. Jeroen Van Doorsselaere explains
The UK Endorsement Board (UKEB), the body tasked with endorsing and adopting international accounting standards now that the UK has left the EU, has officially launched
In a round-up of the biggest accounting stories of the year, we look at accounting and disclosure errors, financial and non-financial reporting standard reviews, Brexit transition planning and FRC warning on cashflow errors
WPP, the world’s biggest advertising group, is to restate its financial statements from 2017 to 2019, after discovering its most recently reported statutory losses were under-stated by £301m
The Financial Conduct Authority (FCA) has published its first consultation on a new prudential regime for UK investment firms, which includes significantly enhanced capital requirements
The preparation of accounts that reflect the finances of a Parochial Church Council is unique in itself but throw into the mix ‘who owns what’, and complex rules on what can and cannot be capitalised, means accountants need to be careful. Helen Ford FCCA, accounts senior at Butler & Co explains
The International Accounting Standards Board (IASB) is seeking feedback on three IFRS standards for group accounting, in order to assess their usefulness to users of financial statements, the ease of implementation and any unexpected costs of application
