Consultations

Accounting | IASB consults on disclosure requirements for IFRS 9

The International Accounting Standards Board (IASB) plans narrow scope amendments to clarify the classification and measurement requirements for IFRS 7 and IFRS 9 Financial Instruments following feedback from stakeholders

21 Mar 2023

Accounting

Consultations

Accounting | Legal updates: March 2023

In this month’s legal updates, Sophie Brookes and Debbie Shaw, Gateley, reviews rulings validity of signature in an email in Hudson v Hathaway and test of reasonableness in Benkert cases

1 Mar 2023

Accounting

Law and regulation

Consultations

Accounting | IASB to amend IAS 12 to reflect 15% base tax rate

The International Accounting Standards Board (IASB) has proposed amendments to IAS 12 Income Taxes to reflect the introduction of the 15% global base tax rate

10 Jan 2023

Accounting

Consultations

Accounting | UKEB consults on narrow scope IFRS 16 lease change

The UK Endorsement Board (UKEB) is consulting on minor amendments to IFRS 16 Leases due to come into effect from 2024 accounting year ends

5 Jan 2023

Accounting

Consultations

Accounting | Accounting for lease and revenue recognition rule overhaul

The Financial Reporting Council (FRC) plans to update FRS 102 with changes to the accounting rules on revenue recognition and leases to take account of IFRS 15 and 16

15 Dec 2022

Accounting

UK GAAP

Consultations

Accounting | IFRS consults on changes to accounting taxonomy

The IFRS Foundation is consulting on plans to update the IFRS Accounting Taxonomy to improve ease of use

17 Nov 2022

Accounting

IFRS

Consultations

Accounting | FRC reviews effectiveness of ISA 540

The Financial Reporting Council (FRC) has called for feedback on ISA (UK) 540 Auditing Accounting Estimates and Related Disclosures

10 Oct 2022

Accounting

Consultations

Accounting | Sustainability standards need to be more scalable, says ISSB

The International Sustainability Standards Board (ISSB) plans to revisit parts of the proposed sustainability standards to ensure they are more scalable for businesses

27 Sep 2022

Accounting | Consultation on changes to IFRS for SMEs

The International Accounting Standards Board (IASB) is consulting on proposals to update the IFRS for SMEs accounting standard to reflect changes to wider IFRS, including revenue recognition

12 Sep 2022

Accounting

Consultations

Accounting | FRC consults on 2023 accounting taxonomy

The FRC has published a draft version of the 2023 taxonomy for accounting standards which makes key changes to interim reporting and filleted accounts

15 Aug 2022

Accounting

Consultations

Accounting | IFRS 9 exemption for local authorities under review

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

12 Aug 2022

Accounting

Consultations

Accounting | ISSB sets out initial concept for sustainability taxonomy

As part of plans to set up a new sustainability reporting framework, the standard setter is consulting on the concept for a digital disclosure taxonomy

26 May 2022

Accounting

Financial reporting

Consultations

Accounting | Temporary depreciation rules out for consultation

Problems with public sector accounting rules for infrastructure assets have caused endless delays to local authority audits resulting in a flash consultation on temporary changes to the rules

25 May 2022

Accounting | FRC consults on amendments to FRS 100 application guidance

The Financial Reporting Council (FRC) plans to update the application guidance to FRS 100 to reflect changes to company law and decisions on equivalence after the UK’s exit from the EU

24 May 2022

Accounting

UK GAAP

Consultations

Accounting | IPSASB consults on plan for public sector sustainability standards

The International Public Sector Accounting Standards Board (IPSASB) has launched a consultation to gauge support for developing a sustainability reporting framework for the public sector

12 May 2022

Accounting

Consultations

Accounting | UKEB plans intangible assets review

The UK Endorsement Board (UKEB) is undertaking a comprehensive research project to consider how the accounting for, and reporting of, intangible assets could be improved

4 Apr 2022

Accounting

IFRS

Consultations